New companies on the rise in Stoke-on-Trent

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Numbers of new companies are on the rise in Stoke-on-Trent this year, according to the recent Duport Business Confidence Report for the area.

Traditional pottery kiln in Stoke-on-Trent

Stoke-on-Trent has had its economic troubles in the past, but the figures released for the first half of this year are extremely promising.

Trent:UK (PRWEB UK) 15 September 2012 -- It seems that new businesses are clamouring to set up in Trent, according to the Duport Business Confidence Report. 714 new companies were set up during the first half of the year, representing a rise of 11.6% when compared with the same period in 2011. This figure also beats the UK average of 10.7%.

The month of June was even more significant, with 112 new companies formed - more than any other June on record for the area.

The economy of the area suffered in the 1980s and 90s, when the manufacturing industries began to decline. However, in recent years it has begun to get back on its feet, with Trent being named most cost-effective place to set up a new business in 2004.

Not only are many new companies opening up, the number of company closures is also decreasing. There has been a 5% drop in company closures when comparing the first halves of 2011 and 2012.

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

“Trent has had its economic troubles in the past, but the figures released for the first half of this year are extremely promising. With affordable business rates, excellent transport links and growing entrepreneurial spirit, the area can look forward to a bright future.”

Trent is synonymous with the pottery industry, but it is currently developing and diversifying. If current trends continue, it could well become a significant hub for business start-ups and entrepreneurs.

More information can be found at http://www.duport.co.uk/stokeontrent.

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.

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Tom Valaitis