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steady rise in company formation in Wokingham

October 2014

During the three months to March there were 143 new companies registered in Wokingham, Berkshire.

A new report from Duport.co.uk shows that this was a 13% rise for the area, putting it slightly ahead of the UK as a whole, which experienced a 12% rise. It was also the second year running during which company formation rose in Wokingham.

However, the report also shows a 22% rise in company closures, meaning net company growth (the number of formations minus the number of closures) stayed almost level with the previous year.

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

"A rise in company formations for the past two years is excellent news for Wokingham, suggesting business confidence is on the rise, which can only be a good thing for the local economy."

The Duport Business Confidence Report for Wokingham contains a wide range of data and statistics, from company formation numbers to average director age. More information can be found at http://www.duport.co.uk/wokingham.

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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