Dramatic rise in Walsall companies

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The first six months of 2012 has seen a significant rise in new company formations in Walsall, according to data released in the latest Duport Business Confidence Report.

Rising number of new companies in Walsall

The rising number of new company formations in the first half of the year is excellent news for the economy of Walsall.

Walsall: The number of new companies in Walsall has risen sharply during the first six months of the year, according to Companies House data gathered and published by Duport.co.uk. Between January and June there were 284 companies formed, a huge rise compared to the 187 formations that took place during the same period in 2011. Further information on company formations is available in the full Duport Business Confidence at http://www.duport.co.uk/walsall.

The rise in new company formations could be due to Walsall Council investing £100,000 to launch a new era of commercial enterprise in the town. Landlords with vacant units are being asked to contribute their properties to the scheme in a bid to attract new business to Walsall and boost public and private sector growth. A number of financial incentives are now being put together to support start-ups and develop existing businesses.

The Council’s Deputy Leader, Councillor Adrian Andrew, said:

“We have been given a chance to create a legacy for economic well-being, providing investors, shoppers and visitors to Walsall with an attractive, busy, successful town centre.”

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

“The rising number of new company formations in the first half of the year is excellent news for the economy of Walsall. Each new business will bring more employment and prosperity to the area and benefit Walsall as a whole.”

The Duport Business Confidence Report contains further facts and figures about the town, including company closure data and director age figures. Duport publishes reports on every area of the UK once a quarter.

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