March 2012 Looking Good for New Salons

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Hair and salon businesses hit record highs for company formations in March 2012, according to analysis from Duport Associates Ltd.

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It’s almost surprising to find so many new businesses finding opportunities in the style industry

Bristol: Official Companies House records, analysed by formations experts Duport Associates, show that there have been a record number of new start-up companies including the term “hair” or “salon” in their company name.

“With the economy still struggling, it’s almost surprising to find so many new businesses finding opportunities in the style industry as you’d expect people to spend less on hair and clothing when household budgets are tight, “said Duport’s Managing Director, Peter Valaitis.

“But salons and hairdressers can provide that affordable treat that people deserve, whether it’s a brand new style or a little indulgence from a facial or manicure.”

Hairdressers and salons also often offer more flexible working opportunities than a regular 9-5 working day. Many salons allow their workers to form their own business, and operate as contactors within the salon, giving people greater control over their employment and working hours. This can be particularly significant for people trying to find the right work/life balance.

127 new “hair” companies were formed in March 2012 up from a previous high of 102, set just one month earlier in February. New “salon” start-ups have seen a similar rise with records for new formations broken in both February and March in 2012 with 34, and 38 formations respectively.

With “hair” and “salon” companies breaking records for new formations in both February and March 2012, the industry could be experiencing a long-term period of growth.

Earlier in the month it was discovered that businesses using the term “beauty” were also experiencing a boom. This pattern of new interest in salon and hairdressing companies shows that there is still a lot of opportunity right across the beauty industry.

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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Peter Valaitis