Record Number of New Companies in Colchester

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Research by company formation experts, Duport.co.uk has shown a record number of new companies being set up in Colchester in the first half of 2012.

Statue of Victory, Colchester

New businesses will benefit from the town’s many assets and they, in turn, will bring more wealth to the area.

Colchester: Colchester may be the oldest town on record, but it has set a different kind of record this year. There have been 758 new companies formed in the first six months of 2012, more than any other year on record for the area, and significantly more than the 668 that were formed during the first half of 2011.

Colchester is currently undergoing a major regeneration project. Over the next 9 years (by 2021) Colchester will accommodate 17,000 new homes and 14,000 new jobs. The majority of residents of the town work in the public sector, although tourism and a burgeoning cultural scene also provide employment.

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

“The regeneration of Colchester is attracting business start-ups to the area. With a rejuvenated town centre and good links to London, this is a great place to set up a new company. New businesses will benefit from the town’s many assets and they, in turn, will bring more wealth to the area.”

The combination of the regeneration project and a record number of new companies could well work wonders for the economy in Colchester, making it a great place for new business to grow.

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