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new year heralds record number of new companies in Leamington Spa

June 2014

Leamington Spa smashed its own record for company formation during the first quarter of the year, according figures in a new report from Duport.co.uk.

The January - March period saw 205 new companies registered in Leamington Spa - more than any other quarter in the history of the town. The number also represents a 31% increase on the previous year, putting it way ahead of the UK average increase of 12%.

In further good news for Leamington, company closures also dropped by 30% during the first quarter, leading to a dramatic increase in net company growth (the number of company formations minus the number of closures). Net company growth for the period stood at 117, compared to just 32 the year before. In addition, the report shows that the UK company share of Leamington also rose slightly over the three months.

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

"Our latest report contains some extremely positive results for Leamington Spa. The record number of new companies starting up suggests a healthy economy and burgeoning entrepreneurial spirit in the area."

The Duport Business Confidence Report for Leamington Spa provides a snapshot of the local economy through a variety of data and statistics. More information can be found at http://www.duport.co.uk/leamingtonspa.

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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