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more new companies setting up in Canterbury

September 2014

The first three months of 2014 saw an increased number of company formations over the period, according to figures released by Duport.co.uk.

Between January and March, there were 144 new companies registered, which was a 14% rise on the previous year. This figure puts Canterbury ahead of the UK as a whole, which experienced a 12% rise over the same period.

However, it wasn't all good news for the area. The first quarter also saw a 15% rise in the number of company closures. But despite this, net company growth (the number of company formations minus the number of closures) still rose over the three months.

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

"Our report shows a mixed bag of results for Canterbury. A rise in formations suggests increased business confidence, but the increased number of closures reminds us that trading conditions have not yet returned to pre-recession levels."

The Duport Business Confidence Report for Canterbury contains a range of data and statistics, from company formation numbers to new company naming trends. More information can be found at http://www.duport.co.uk/canterbury.

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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