Company closures reach record level in Dover says Duport report

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Company closures rose during the third quarter of the year in Dover, according to data in the latest Duport Business Confidence Report for the area.

Dover's famous cliffs

The increase in number of company closures in Dover reflects the difficult business climate that has come about as a result of the recession

Dover: There were 59 company closures in Dover during the third quarter of the year, more than any other third quarter on record for the town and an 18% increase on the same period last year.

The Duport Business Confidence Report also states that net company growth in Dover fell during the third quarter, as did UK company share. More details can be found in the full report.

However, not all data in the report is negative. The number of young director appointments soared to 8% during the third quarter - a healthy increase when compared to 0 in Q3 2011.

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

“The increase in number of company closures in Dover reflects the difficult business climate that has come about as a result of the recession.”

“However, a rising number of young director appointments is a really positive sign for the town and may well bring renewed vigour to the local economy, helping to kick start growth in 2013.”

The Duport Business Confidence Report for Dover gives an overview of the local economy, with both current and historic economic data for the town. More information can be found at http://www.duport.co.uk/dover.

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