Net company growth soars to record levels in Lincoln says Duport

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Net company growth in Lincoln reached a record level during the third quarter of this year, according to a new report by leading company formation agents, Duport.co.uk.

Lincoln Cathedral

The figures in our latest report for Lincoln suggest growth and increasing business confidence as the local economy recovers from the worst effects of the recession.

The latest Duport Business Confidence Report reveals that the July - September period saw Lincoln break several economic records. Most notably, the city saw its highest ever recorded net company growth for a third quarter. More details and figures are available in the full report at http://www.duport.co.uk/lincoln.

The city also smashed its own record for new company formations during the third quarter of the year. There were 563 new companies registered during this period - more than any other Q3 on record and a 59% rise on the same period in 2011.

However, the Duport report also contains some less positive statistics for Lincoln. The number of company closures rose to 216 in the third quarter, compared to 120 during the same period last year.

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

“The figures in our latest report for Lincoln suggest growth and increasing business confidence as the local economy recovers from the worst effects of the recession.”

“More new companies will help strengthen and diversify the business base, helping the city grow and prosper in years to come.”

The Duport Business Confidence Report provides an economic overview of Lincoln, with information on everything from net company growth to business naming trends. More information can be found at http://www.duport.co.uk/lincoln.

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