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net company growth climbs in Chatham

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net company growth rockets to record high in Dagenham

July 2014

The first quarter of the year saw net company growth climb to an all-time high in Dagenham, according to the latest Duport Business Confidence Report for the area.

During the January - March period, net company growth (the number of company formations minus the number of closures) stood at 196 - more than any other quarter on record and almost double the previous first quarter.

The impressive rise in net company growth was due to a 24% rise in company formation and a 17% drop in company closures over the three months. And in further good news, the UK company share of Dagenham also rose during the first quarter.

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

"The three months of the year revealed some very positive data in Dagenham. Our report actually shows that company formation has been rising every first quarter since 2009, suggesting that the area remained fairly resilient in the face of the financial crisis."

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

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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