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positive results in new economic report on Wrexham

Company formation hit a record high during the first three months of the year in Wrexham, according to recent research from Duport.co.uk.

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positive results in new economic report on Wrexham

October 2014

Company formation hit a record high during the first three months of the year in Wrexham, according to recent research from Duport.co.uk.

Between January and March, there were 180 new companies registered in the area - more than any other quarter on record and a 41% rise on the previous year.

There was also a slight drop in company closures and a substantial rise in net company growth (the number of companies formed minus the number of companies closed).

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

"The first quarter of the year was very positive in terms of new company formation in Wrexham. A record number of new companies is a good sign that business confidence is on the rise, which can only be a good thing for the local economy."

The Duport Business Confidence Report for Wrexham provides a snapshot of the local economy through a variety of data and statistics. More information can be found at http://www.duport.co.uk/wrexham.

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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