Urbanisation Hits Company Formations

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Duport Associates Ltd has announced a new record high of “urban” company formations in February 2012, according to official data from Companies House.

Anyone who’s met a teenager will know that “urban” is an incredibly popular and influential trend

Duport Associates Ltd has announced a new record high of “urban” company formations in February 2012, according to official data from Companies House.

A total of 39 new companies were formed in February 2012 with the term “urban” part of their company name, according to the official Company Register. The continuing popularity of the term reflects the impact of urban culture across a wide range of industries, including media, fashion and music.

“Anyone who’s met a teenager will know that “urban” is an incredibly popular and influential trend, “stated Duport Associates’ Managing Director, Peter Valaitis.

“Like many fashions, it’s risen from having a small, dedicated following, to becoming an influential, mainstream trend that has made a huge impact on culture, art and even language.”

The popular influence of urban culture is something that many companies will want to tap in to, particularly in industries that rely on the youth market, or are tailored towards teenagers.

“Of course the literal meaning of “urban” will also be behind quite a few of these new formations,” Mr Valaitis added, “as some of these companies may be involved in redevelopment of urban areas or even be house builders.”

Not every company that calls itself “urban” will be talking about youth trends. Many organisations call themselves “urban” because they mean “inner city”, and may refer to the location of the business, or an area or project they mean to target.

The government has just introduced new reforms of planning regulation, which is hoped to enable developers to get projects underway without excessive delays and red tape, which could mean a rise in urban development and regeneration.

The number of newly formed “urban” companies has not been so high in any month since October 2010, when 38 start-ups were formed using the work “urban” in the company name.

Duport Associates Ltd is a leading UK company formation agent, operating in the UK for around 15 years. Duport registers around 10,000 new companies each year using its Companies House approved software. The Company Register which is maintained by Companies House contains public information about Limited companies and directors.

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