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company closures falling in Farnham

October 2012

Company closures in Farnham fell by almost 10% between January and June this year, when compared to the same period in 2011.

The report contains further good news for the market town. The first half of the year saw a record number of company formations, with 269 new companies being set up. Net company growth also rose by an impressive 143% during the first six months of 2012, when compared with the same period in 2011.

This positive economic news could be linked to the planned redevelopment of the East Street area of Farnham. The East Street Regeneration project will transform this largely neglected area into an attractive pedestrian quarter for Farnham, with a new town square at its heart, large areas of open space and a range of shops and restaurants, a cinema and new homes.

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

"Our report shows a number of positive indications that the Farnham economy is emerging from the recession in healthy shape."

"The planned redevelopment of the East Street area should increase footfall to the town centre, which is good news for the many new companies that are setting up there."

The Duport Business Confidence Report for Farnham includes economic data that provides an insight into the local economy and business landscape. Duport Business Confidence Reports are published quarterly for every area of the UK.

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.

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