Research Shows Record July for New Companies in Cheltenham

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Cheltenham has seen a record number of new companies set up in July, according to Companies House data researched by company formation agents, Duport.co.uk.

Cheltenham Racecourse

With such a large scale redevelopment of Cheltenham town centre planned, it makes sense for business start-ups to locate there.

Cheltenham: The Cheltenham economy received a boost last month, with a 5 new companies being set up during the month, beating any other July on record.

This good news follows on from the announcement in January that the city centre will receive a £20 million revamp, due to start in 2013. The redevelopment has been welcomed by local people and will see some of the 1960s buildings in the city centre torn down and replaced with modern architecture.

The plans ensure a total of 100,000 sq ft of shopping floor space will be created, including two large shops and other smaller units, giving the existing tenants the option to remain. A new hotel and flats will also be developed in the town centre as part of this wide-ranging project.

Cheltenham West End Partnership spokesman Bernice Thomson said:

"It is fantastic news that such a significant investment is coming to this end of town. It can only benefit both existing local retailers and Cheltenham overall."

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

“With such a large scale redevelopment of Cheltenham town centre planned, it makes sense for business start-ups to locate there. They will reap the benefits of the improvements to the area and generate more wealth for the town as they grow.”

With a record July and plans in place for a revamped town centre, the next few years promise to be very positive for Cheltenham.

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