Record Quarter in Farnham Boosts Economy

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A record number of company formations have taken place in the second quarter of the year in Farnham, according to data analysed by company formation experts, Duport.co.uk.

Famous Lion and Lamb statue in Farnham

The promise of increased footfall is clearly making it an enticing place to start a company.

Farnham: Surrey town, Farnham has seen 123 new company registrations during the last quarter, more than any other second quarter on record for the area. The previous record of 121 was set in the second quarter of 2003, before the recession hit the UK.

The town is on the brink of redevelopment, with a huge project planned for the East Street area. The scheme, which will be carried out by developer Brightwells, will include 167 new homes, a cinema, a new town square and new shops, restaurants and cafes.

But it’s not all about new development - Farnham also boasts some very old retailers, such as Rangers Furnishing Stores (est. 1895), Elphicks Department Store (est. 1881) and Pullingers (est.1850). The town is known for its independent retailers, as well as its Farmers Market, Country Market and the Maltings Market.

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

“Farnham is a thriving town with plenty of character, and the proposed development will bring even more visitors to the town centre. The promise of increased footfall is clearly making it an enticing place to start a company.”

With the proposed development due to start in the near future and a record number of new companies, Farnham can look forward to some very exciting times ahead.

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