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Duport report shows mixed results for Dudley economy

The latest Duport Business Confidence Report for Dudley shows there was a decline in company formation in the area last year. However, the report also shows there was a reduction in company closures during the same period, suggesting trading conditions may actually be improving in the town.

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Company closures in Ipswich have dropped by 7.7% during the first six months of the year, when compared with the same period in 2011.

The drop in company closures could be linked to the local authority's recently-released Economic Development Strategy (set to run from 2012 to 2026). The first aim of the strategy is to support small business survival, as well as supporting start-up activity and attracting investment.

Managing Director of Duport.co.uk, Peter Valaitis said:

"Ipswich is a great place to do businesses at the moment. The council are not only committed to helping new companies start up, but also to helping them succeed in the long term."

"The forward-thinking attitude of the local economy, together with the town's existing assets promise an exciting future for Ipswich."

The Duport Business Confidence Report for Ipswich provides an overview of the town's economic performance and includes both current and historical data.

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.