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steady rise in company formation in Wokingham

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net company growth climbs in Chatham

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new report shows mixed bag of results for Salford economy

June 2014

Recent research from has revealed a mixed bag of economic trends during the first quarter of the year in Salford, Greater Manchester.

The January - March period actually saw a record number of new companies registered in the area and a 10% increase on the same period in 2013. However, there was also a 54% rise in company closures during the first quarter. This led to an overall drop in net company growth (the number of company formations minus the number of closures).

The report also shows that the UK company share of Salford dipped slightly during the first quarter, as did the number of company directors under 25 years-old. By contrast, the percentage of female directors rose by an impressive 10%.

Managing Director of, Peter Valaitis commented:

"The rising number of company formations in Salford suggests entrepreneurial spirit is alive and well in the area, which can only be a good thing for the local economy. However, the increase in closures reminds us that trading conditions have not yet returned to pre-recession levels."

The Duport Business Confidence Report for Salford provides a range of data to give an insight into the local economy and trading conditions. 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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