Record Number of New Companies for Norwich

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Norwich has seen a record number of new companies set up in the first half of the year, according to Companies House data analysed by company formation agent, Duport.co.uk.

Norwich Cathedral

Norwich has grown into a really first-rate business location and the opportunities for new companies are fantastic.

Norwich: Norwich has enjoyed a successful start to the year, with 878 new companies formed in the first six months of 2012. This beats the 836 companies that were set up during the same period in 2011 and is higher than any other first half year on record.

Over the last decade the city has been transformed through a massive programme of sustainable development and regeneration. The area is still undergoing development and Greater Norwich is expected to deliver 27,000 new jobs by 2026.

The city has the largest financial services cluster in the east of England, and a low cost business base with land and premises available in the city centre and on the urban fringe. It also has the second highest graduate retention rate in the UK, providing a very strong skills base. All these factors add to Norwich’s attractiveness for business start-ups.

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

“Norwich has grown into a really first-rate business location and the opportunities for new companies are fantastic. It’s not surprising that we have seen a record number of business start-ups in the city this year.”

With strong business assets and an economy that is on the up, Norwich is the ideal place for new companies to set up and thrive.

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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Tom Valaitis