The fact we have seen a record quarter for net growth of new companies is a promising sign for the years to come.
UK (PRWEB UK) 10 August 2012
Normanton, Yorkshire: Ex-mining town, Normanton has enjoyed a record quarter for net growth of number of new companies, a positive sign in the face of years of decline and tough economic conditions. There has been a net growth of 30 new companies formed during the second quarter of this year, more than any other quarter on record.
As mining declined in the UK, so did Normanton, with the miner’s strikes of the 80s having a profound effect on the town. However, in recent years Normanton has developed into a popular commuter suburb for the Leeds City Region, thanks to good transport links and affordable housing. Also, the well-connected position of Normanton and the expansion of the nearby Eurolink Industrial Estate have strengthened its profile as major distribution hub for large companies.
In 2004, a wide-ranging regeneration project began in Normanton. The project is set to run until 2029 with a broad aim of rebuilding and restructuring the economy of the “Five Towns” of Castleford, Featherstone, Pontefract, Knottingley and Normanton.
Managing Director of Duport.co.uk said,
“Normanton has been through a difficult time since the decline of the mining industry, but the geographical location of the town and a good redevelopment strategy has seen an improvement in economic conditions. The fact we have seen a record quarter for net growth of new companies is a promising sign for the years to come.”
Normanton may have had a difficult past, but with this new record its future is looking much brighter.
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.