Greenford on the Up with Record Quarter for New Business

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Greenford has seen a record quarter for new company formation, according to research by leading company formation agents, Duport.co.uk.

New companies are forming in Greenford

New companies setting up here are bound to benefit from their proximity to the redeveloped site.

Greenford: London suburb, Greenford has experienced a record quarter in terms of new company registration. There have been 145 new companies formed during the last quarter, more than any other second quarter on record for the area. The previous record was set in the second quarter of 2010, when 120 new companies were formed.

Earlier this year plans for a new development on the site of the former Glaxo Smith Kline industrial estate were announced. The 22 acre site had been vacant for 2 years, but was then bought by an investor. The project is overseen by Iceni Projects and will take the form of a mixed-use area including 450 new homes, a cinema complex and a public piazza.

A spokesman for Iceni Projects said:

"The overall vision is of a mixed-use scheme, including the retention of employment uses alongside new leisure, retail and residential development.

"The two former headquarter buildings on the north side of the site and the listed 1930s Glaxo building to the south are to be retained and brought back into use."

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

“The loss of Glaxo Smith Kline was a blow to Greenford, but the new development planned for the Glaxo site will bring jobs, homes and extra income to the area. New companies setting up here are bound to benefit from their proximity to the redeveloped site.”

With good transport links to Central London and such an exciting development in the pipeline, the economy of Greenford looks set to grow and develop in years to come.

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