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company closures double in Rochdale

July 2014

The first three months of the year saw company closures almost double in Rochdale, according to the latest Duport Business Confidence Report for the area.

Over the three months, 130 companies were dissolved, representing a 49% rise on the same period in 2013. Although company formation numbers actually rose this time, overall net company growth (the number of formations minus the number of closures) still decreased.

Several regeneration projects are currently underway in Rochdale, with the aim of breathing new life into the local economy. A new library, customer service centre and council offices opened in March 2013, and the new Metrolink tram system opened earlier this year. Still to be completed are a number of retail and leisure outlets, as well as the re-opening of the River Roch running through the town centre.

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

"The rising number of closures in Rochdale is far from ideal, but the regeneration works that are currently going on should help make the area more attractive to visitors. Hopefully, this should increase footfall, leading to more passing trade for local businesses."

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

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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