Net company growth plummets in Stockport says Duport

Share Article

Net company growth in Stockport has fallen during the third quarter of the year, according to a new report by leading company formation agents Duport.co.uk.

An economic strategy is in place for Stockport

The local council is tackling economic challenges with a pro-active development strategy, so I’m hopeful that the next quarter will see a rise in net company growth.

Figures in the latest Duport Business Confidence Report show a steep decline in net company growth during the third quarter of the year.

Between July and September, the company register increased by just 27, compared to an increase of 219 during the same period in 2011.

Like the rest of the UK, Stockport has been grappling with tough economic conditions in recent years. However, the local council have this year implemented an Economic Development Strategy to try to combat decline in local business.

The main aim of the council’s strategy for Stockport is to “build on its position as a growth economy in Greater Manchester, connecting its residents and businesses to more opportunities, and providing an ideal environment to start, grow and locate a business.”

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

“Net company growth may have fallen in Stockport, but it’s not all bad news for the town. Our report also shows a rise in young directors and female directors - both of which will help bring a fresh perspective to the business community.”

“The local council is tackling economic challenges with a pro-active development strategy, so I’m hopeful that the next quarter will see a rise in net company growth.”

The Duport Business Confidence Report provides economic data on Stockport, giving an overview of both the current and historical business landscapes. More information can be found at http://www.duport.co.uk/stockport.

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.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Tom Valaitis