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Duport report shows mixed results for Dudley economy

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A new report from Duport.co.uk shows there was a rise in company formation in Stafford last year, suggesting the local economy is beginning to recover from a difficult period.

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Between June 2011 and June 2012 in Shrewsbury, "Property" was one of the most frequently-used words in new company names. "Management" was the most popular, closely followed by "Shropshire", with "Property" coming in third place. .

The popularity of the word could well be linked to the recent boom in construction in the area. There are several new housing projects underway, as well new offices and salesrooms. Plans have also been approved for a huge new shopping centre that will see a complete redevelopment of the riverside area.

Managing Director of Duport.co.uk said:

"With so many exciting building projects going on in Shrewsbury, it's no wonder that new companies seem to be setting up in the property industry."

"As these new companies grow, they will bring more jobs and wealth, helping to develop the area even further."

The Duport Business Confidence Report provides an overview of the Shrewsbury economy, providing data on everything from company formation to average director age.

Duport Business Confidence Reports are generated and released by Duport Associates Ltd. The data contained in these reports is assimilated and analysed by Duport using public record data from sources including Companies House, Office for National Statistics and Ordnance Survey. Duport Associates Ltd is a leading UK company formation agent, established in 1997 and registering around 10,000 new companies each year through its Companies House approved software.