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successful start to the year for York business

June 2014

The latest Duport Business Confidence Report for York reveals there were an unprecedented number of new company formations during the first quarter of the year in the city.

Between January and June, 456 new companies were formed - more than any other first quarter on record and an 8% rise on the same period in 2013.

However, the report also shows there was a 35% rise in company closures, leading to an overall drop in net company growth (the number of company formations minus the number of closures).

The rise in company formation could be linked the city's vibrant tourist economy, with 7 million visitors to the area each year, many of them from overseas. York is also home to two popular and rapidly expanding universities, which also helps boost the local economy.

Managing Director of, Peter Valaitis commented:

"A rise in company formations is excellent news for York, offering more choice of goods and services to both visitors and residents. However, the increase in closures reminds us that trading conditions have not yet returned to pre-recession levels in some areas."

The Duport Business Confidence Report for York is made up of a variety of data and statistics, giving a valuable insight into the local economy. More information 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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