The recent record number of new companies is in tune with the forward-thinking, entrepreneurial spirit of the town and bodes well for the future of the local economy.
Wrexham, UK (PRWEB UK) 15 October 2012
During the first half of 2012, Wrexham has seen the highest ever number of company formations in a half year. There were 260 companies formed during this period, beating any other half year on record for the town and comfortably exceeding figures for the same period last year. Full details on company formation in Wrexham are available in the latest Duport Business Report at http://www.duport.co.uk/wrexham.
Traditionally, Wrexham’s economic base has been in the manufacturing industry. Despite a decline in this area over the last 20 years, around 25% of jobs in the area are still in manufacturing.
The decline in traditional manufacturing has made way for growth in high tech manufacturing, technology and services. Wrexham Industrial Estate is the UK's second-largest industrial park, and companies such as Sharp, Brother, Cytec Industries, Calypso, J. C. Bamford, Cadbury and Kellogg's have major manufacturing, research or office bases in and around the town.
Managing Director of Duport.co.uk, Peter Valaitis said:
“Wrexham has seen a decline in traditional manufacturing in the last couple of decades, but it has moved with the times and is now home to more modern industries.
“The recent record number of new companies is in tune with the forward-thinking, entrepreneurial spirit of the town and bodes well for the future of the local economy.”
The Duport Business Confidence Report for Wrexham provides detailed economic information on the town. Duport publishes quarterly reports for every area of the UK, with data on everything from naming trends to company closures.
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.