Dagenham UK company share reaches all-time high

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Dagenham has broken its own record for UK company share during the first six months of the year, according to data released in the latest Duport Business Confidence Report.

New business is thriving in Dagenham

Our latest report shows that Dagenham has certainly benefitted from the fantastic business opportunities generated by the Olympics.

The UK company share of Dagenham reached an all-time high of 0.19% during the first six months of this year. The period between January and July saw several other records broken, including number of company registrations in a half year and net company growth in a half year.

It is hardly surprising that 2012 has seen a surge in economic activity in Dagenham, given that Barking & Dagenham was one of the five Thameside ‘Gateway to London 2012 Olympics’ boroughs of east London.

However, more long term benefits will be gained from the fact the Dagenham is at the centre of the Thames Gateway, the biggest regeneration project in Europe. The area is home to a diverse population of 165,000 that is expected to rise by more than a fifth over the next ten years. Over the next 15 years up to 17,000 new homes and 10,000 new jobs will be delivered in the borough.

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

“Our latest report shows that Dagenham has certainly benefitted from the fantastic business opportunities generated by the Olympics.

“Regeneration of the area is ongoing, and the momentum picked up during the first half of 2012 could well carry the area on the greater heights.”

The data in the Duport Business Confidence Report shows Dagenham is on the up. With more and more business start-ups choosing to locate there, the economy of the area looks set to go from strength to strength.

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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Tom Valaitis