Net Growth of New Companies Soars in Cheltenham

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Cheltenham has seen a significant rise net growth of new companies during the first half of the year, according to figures in the new Duport Confidence Report.

Cheltenham War Memorial

With a net rise in number of new companies and a drop in the number of closures, new business in Cheltenham appears to be thriving.

Cheltenham: The net growth of new companies in Cheltenham in the first half of 2012 has rocketed when compared with the same period last year. The company register increased by 289 new companies, representing a 125.8% rise on last year’s figures.

March was the peak month for new company registrations, with 83 new companies being formed during the month. Company registrations then tailed off in April, May and June.

The Duport Business Confidence Report contains further positive news for the town in terms of company closures. In the first half of 2012, there was a drop in company closures of 29.9% when compared with the same period in 2011.

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

“With a net rise in number of new companies and a drop in the number of closures, new business in Cheltenham appears to be thriving.

“A positive first half of the year bodes well for the remaining months, and hopefully the Christmas shopping period will benefit business start-ups during their crucial first year of trading.”

In the face of a tough economic climate, it is heartening to see that Cheltenham is providing a home for new business and fostering local entrepreneurial spirit.

Find further information at http://www.duport.co.uk/cheltenham.

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