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net company growth climbs to record high in Edinburgh

August 2014

Recent research from company formation experts, Duport.co.uk has revealed an unprecedented rise in net company growth in Edinburgh during the first three months of this year.

During the three months to March, net company growth (the number of formations minus the number of closures) stood at 992, compared to 761 during the same period in 2013. This level of net company growth outweighs any other first quarter on record for the area.

The dramatic rise in net company growth is due to a record number of new company formations over the period, combined with a 5% drop in company closures. In further good news, the Duport report also shows there was a slight rise in the UK company share of Edinburgh over the first quarter.

The positive statistics could be linked to the ongoing regeneration of the Edinburgh Waterfront. Over the next 30 years around 30,000 new homes will be built, as well as many new business, retail and leisure facilities, supported by new schools, health facilities and open spaces.

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

"The record level of net company growth in Edinburgh is a testament to what a dynamic, forward-moving city this is. With so much exciting regeneration going on, I've no doubt we'll see the local economy grow even stronger over the next few years."

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

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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