Duport research reveals record-breaking net company growth in Southsea

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The third quarter of the year has seen record-breaking levels of company formation and net company growth in Southsea, according to the latest Duport Business Confidence Report.

Southsea Lighthouse

The rate of company growth in Southsea is impressive, particularly in the current economic climate.

Southsea: Seaside town, Southsea has had a very successful Q3, according to new research by company formation agents Duport.co.uk.

Between July and September, the area saw more company formations than any other quarter in the history of the town. During this period, a total of 138 companies were registered, representing a 30% increase on Q3 2011.

The third quarter also saw a record level of net company growth. The company register grew by 98 companies, more than any other quarter on record for Southsea.

The impetus for this growth could be the ongoing development of Portsmouth and Southsea into premier tourist destinations, which began in 2010 and is set to run until 2026.

Managing Director of Duport.co.uk said:

“The rate of company growth in Southsea is impressive, particularly in the current economic climate.”

“As the tourist market of the town develops, so more and more businesses will flock there, leading to greater wealth and prosperity in the future.”

The Duport Business Confidence Report provides an overview of the economy of Southsea, with data on everything from company closures to business naming trends. More information can be found at http://www.duport.co.uk/southsea.

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