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huge rise in Shepperton company formation

June 2014

The latest Duport Business Confidence Report for Shepperton reveals an impressive 97% increase in company formations over the first quarter of 2014.

During the January to March period, there were 138 new companies registered in the area, compared to just 70 during the same period in 2013. This puts the area streets ahead of the UK as a whole, which experienced a 12% rise in formations during Q1.

The report also shows that there were just 19 company closures during the first quarter of the year, which is exactly the same as the year before.

The rise in company formations could be linked to plans for a substantial expansion of the world-famous Pinewood Film Studios, which will see 100,000 sq m of new facilities, including twelve large stages with supporting workshops, production offices and infrastructure.

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

"The number of new companies setting up in Shepperton suggests that entrepreneurial spirit is alive and well in the area, which can only be a good thing for the local economy."

The Duport Business Confidence Report for Shepperton provides accurate, up-to-date data that gives an insight into the local economy. More information and statistics can be found at http://www.duport.co.uk/shepperton.

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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