Cambridge breaks multiple records for new companies

Share Article

Data from the new Duport Confidence Report reveals that Cambridge has broken its own record for number of new companies formed during a half year.

St. John's College, Cambridge

The record-breaking number of company formations during the second quarter of the year is a testament to the opportunities the town has to offer.

Cambridge: The recently-released Duport Confidence Report for Cambridge has shown a growing trend towards entrepreneurism in the city. In the first half of 2012, there were 2481 new company registrations, beating any other half year in the history of the town.

During the same period, the town experienced a 15.3% drop in the number of companies closed compared to the previous year. This data compares favourably to the UK as a whole, which experienced a smaller drop in closures of 8.9%.

Figures for the second quarter of 2012 were similarly impressive. There were 422 new companies formed during the second quarter of 2012, beating any other second quarter on record for the town. Also, April and May both saw a record number of new companies formed when compared to the same months in the past.

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

“Cambridge has many unique assets that contribute to its popularity with business start-ups and entrepreneurs.

"A world-class university, a multitude of research and development organisations and easy links to the capital make it a highly desirable place to start a business. The record-breaking number of company formations during the second quarter of the year is a testament to the opportunities the town has to offer.”

The statistics in the report are good news for Cambridge, showing that entrepreneurial spirit is alive and well in the city.

More information can be found here: http://www.duport.co.uk/cambridge.

Duport Business Confidence Reports are generated and released by Duport Associates Ltd. The data contained in these reports is assimilated and analysed by Duport using public record data from sources including Companies House, Office for National Statistics and Ordnance Survey. Duport Associates Ltd is a leading UK company formation agent, established in 1997 and registering around 10,000 new companies each year through its Companies House approved software.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Tom Valaitis