Social Enterprise Going From Strength to Strength Reports Duport

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A record number of “social” companies have been formed in March 2012, showing that social enterprise is still experiencing a boom.

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The internet is a vital tool for any social enterprise, it’s simply the most effective way to communicate a message and to encourage others to get involved.

The data uncovered by company formations experts Duport Associates shows that 87 new companies were formed in March 2012 using the term “social” in their company name.

Social enterprises can cover a huge range of industries, including charity work, and often involve a company making an effort to improve their community. This is why the government has embraced the idea of the social enterprise as part of their “Big Society” policy, in which businesses, charities and communities work together to provide essential services.

The government has recently launched a new fund to invest in social enterprise, called Big Society Capital. This fund is designed to provide the capital to help unemployed people set up new social enterprises, which is then repaid through the company’s income.

“Social enterprise is a booming industry,” stated Duport Associates’ managing director, Peter Valaitis, “there are lots of ways in which companies can help the communities around them, and opportunities in this area can bring huge benefits to a whole area.”

Social companies also often use social media and networks to raise awareness of issues and to network. Twitter, blogs, Facebook and online marketing are all popular methods of generating a buzz for your issue, your company or to simply connect with and communicate with customers.

“The internet is a vital tool for any social enterprise,” Peter Valaitis added, “it’s simply the most effective way to communicate a message and to encourage others to get involved.”

The analysis was made using the official Company Register, which shows the previous record of 83 new “social” company formations was made in March 2011.

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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