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young directors on the rise in Croydon

October 2013

Figures in the latest Duport Business Confidence Report for Croydon reveal the area is becoming a hub for young entrepreneurs.

The report shows that 5% of all director appointments during the first six months of the year were under 25 years-old, compared to 3% during the same period in 2012. The figure is also ahead of the UK average of 4%.

Young entrepreneurs will receive further encouragement later this month when Apprentice winner Tim Campbell's Bright Ideas Trust will hold Your Lightbulb Moment, two free half-day events for 16 to 30 year olds in the area.

Managing Director of, Peter Valaitis said:

"A rising number of young directors promises a fresh, new approach in the business community, which can only be a good thing for the local economy.

"Our report also shows there were a record number of new company formations during the first half of the year, re-enforcing the image of Croydon as an up-and-coming place for new business."

The Duport Business Confidence Report for Croydon contains a wealth of data, ranging from company formation numbers to new company naming trends. More information and statistics can be found at

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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