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company formation in Gloucester continues to rise

April 2014

Last year saw company formation rise to an all time high in Gloucester, according to figures in a new report from Duport.co.uk.

Over the course of the year, 875 new companies were formed - more than any other year on record for the area and a 10% rise on the previous year.

The report shows that 2013 was the fifth consecutive year in which company formation numbers have risen in Gloucester, suggesting that business confidence has remained fairly resilient in the wake of the financial crash.

However, the report also shows there was a 12% increase in company closures last year, which implies that trading conditions are still tough in some sectors.

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

"Our report shows a mixed bag of results for Gloucester. The record number of company formations is fantastic news for the local economy, but the rise in closures reminds us that some businesses are not managing to stay afloat under current economic conditions."

The Duport Business Confidence Report for Gloucester provides a wide variety of data, from company formation numbers to new company naming trends. More information can be found at http://www.duport.co.uk/gloucester.

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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