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company formation declines in Darlington

September 2014

Company formation numbers fell over the first three months of the year in Darlington, Country Durham.

The latest Duport Business Confidence Report for the area shows there were 130 new company formations in Darlington over the first quarter, representing a 24% reduction on the same period last year.

However, in more positive news, the number of company closures fell by 73%, leading to a significant spike in net company growth (the number of companies formed minus the number closed).

In further good news, the number of company directors under the age of 25 rose over the three months, although the number of female directors dropped.

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

"The number of company formations may have dropped in Darlington, but the reduction in closures suggests trading conditions for existing companies are improving."

The Duport Business Confidence Report for Darlington contains a variety of data to give an insight into the local economy. More information and statistics can be found at http://www.duport.co.uk/darlington.

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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