Record number of new companies in Liverpool

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Data released in the latest Duport Business Confidence Report shows a record number of new company formations during the first half of this year.

Liverpool Skyline

Liverpool benefits from a wide economic base and a growing tourist trade - both possible reasons that so many new companies are choosing to set up here.

The first half of 2012 saw a record number of new company formations in Liverpool. During this period, there were 2022 companies formed in the city, more than any other half year on record. Company formation data for previous years can be found in the latest Duport Business Confidence Report at http://www.duport.co.uk/liverpool.

Liverpool’s economy is dominated by service sector industries, with over 60% the city’s employment in the public administration, education, health, banking, finance and insurance sectors. Tourism is also important to Liverpool - it is the 6th most visited city in the UK and the tourism industry brings in £1.3 billion a year.

The docks are also key to the economy of the area, handling over 32.2 million tonnes of cargo every year. There are plans to redevelop the city's northern dock system, which could see £5.5 billion invested in the city over the next 50 years, creating 17,000 new jobs.

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

“Liverpool benefits from a wide economic base and a growing tourist trade - both possible reasons that so many new companies are choosing to set up here.

“The record number of company formations is a positive sign for the economy of the city. Our report also documents a slight drop in company closures during the first half of the year.”

The Duport Business Confidence Report gives a valuable overview of the Liverpool economy, with facts and statistics on everything from director age to company naming data. It is published quarterly with the most up-to-date data as well historical statistics.

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