Duport report says Nuneaton ahead of UK for company formation

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Nuneaton was ahead of the UK in terms of new company formation during the third quarter of the year, according to a new report by leading company formation agents, Duport.co.uk.

A growing number of new companies in Nuneaton

With a bustling town centre, thriving electronics and distribution industries and excellent transport links, it’s little wonder a record number of new companies have chosen to set up here in recent months.

Nuneaton: Data in the latest Duport Business Confidence Report for Nuneaton, which was released on Monday 3rd December, shows that the town is ahead of the UK as whole when it comes to company formation.

Figures in the report show that during the third quarter of the year there were 133 new companies registered in Nuneaton, representing a new record for the town and a 22% rise on the same period last year. By contrast, the UK saw just 4% rise in company formation during Q3.

The report also reveals that company closures are falling in Nuneaton, with a decrease of 11% during the third quarter, when compared to last year. Again, the town is well ahead of the UK, which actually saw a 3.5% increase in company closures between July and September.

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

“Nuneaton has transformed itself in recent years and is now so much more than a commuter town.”

“With a bustling town centre, thriving electronics and distribution industries and excellent transport links, it’s little wonder a record number of new companies have chosen to set up here in recent months.”

The Duport Business Confidence Report gives a valuable insight into the economic landscape of Nuneaton, with data on everything from net company growth to average director age. More information can be found at http://www.duport.co.uk/nuneaton.

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