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net company growth climbs in Chatham

October 2014

The three months to March saw increased net company growth in Chatham, Kent, according to research from company formation agents, Duport.co.uk.

By the end of the first quarter, net company growth (the number of company formations minus the number of closures) stood at 51, compared to 32 during the same period last year.

Although there was actually a 7% drop in company formations over the quarter, company closures fell by 24%, leading to the rise in net company growth.

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

"The falling number of closures in Chatham is a fantastic sign for the local economy and suggests trading conditions in the area are improving."

The Duport Business Confidence Report for Sidcup 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/sidcup.

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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