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excellent results for Luton in new economic report

September 2014

New research has revealed some very encouraging economic statistics in Luton during the first quarter of the year.

A recent report from shows there were a record number of new company formations during the three months to March. During this period, company registrations rose by 17%, putting the area well ahead of the UK as a whole, which experienced a 12% rise.

There were even more positive figures when it came to net company growth (the number of company formations minus the number of closures). By the end of the first quarter, net company growth stood at 252, compared to 195 during Q1 of 2013. In further good news, the report also shows the UK company share of Luton rose over the three months.

Managing Director of, Peter Valaitis commented:

"A rise in company formation is fantastic news for the economy of Luton and suggests entrepreneurial spirit is alive and well in the area."

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