Young directors increasing in Hemel Hempstead

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The number of young directors in Hemel Hempstead is on the rise, according to data released by leading company formation expert, Duport.co.uk.

Rising numbers of young directors in Hemel Hempstead

The rising number of female director appointments in Hemel is a good sign for the economy of the town and should bring a fresh outlook for the business community.

Hemel Hempstead: The latest Duport Business Confidence Report shows that the number of young directors in Hemel Hempstead has risen during the first half of the year. 5.7% of director appointments between January and June were under 25, compared to just 3% during the same period in 2011. The report shows the number of young directors in Hemel Hempstead has been rising since 2006. More details are available in the full report at http://www.duport.co.uk/hemelhempstead.

Thanks to its position just outside London and its excellent transport links, Hemel Hempstead is home to headquarters of several major companies, including Dixons and Epson. The local council is looking to attract more business by promoting the town’s location, its affordable office buildings and the strength of the local economy.

The qualities that are attracting big business to the area may well also be encouraging business start-ups. This could explain the rising number of young directors, as more under-25s may be choosing to start their own companies in Hemel Hempstead.

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

“The rising number of young director appointments in Hemel is a good sign for the economy of the town and should bring a fresh outlook for the business community.

“Hemel Hempstead has many unique features that make it an excellent place to set up a business, and companies both large and small have a good chance of success in such a great location.”

The Duport Business Confidence Report for Hemel Hempstead provides a detailed economic overview of the town, with data on a range of areas including company formation and net company growth. Duport releases reports for each area of the UK on a quarterly basis.

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