Blackburn Breaks New Company Records During Second Quarter

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Data in the new Duport Business Confidence Report reveals a record-breaking second quarter for new companies in Blackburn.

New companies are forming in Blackburn

The combination of a net growth in new companies and a drop in company closures is a very positive for Blackburn.

Blackburn has had its most successful second quarter ever in terms of net growth in number of new company formations. Net company growth for Blackburn during the second quarter of 2012 was 107 companies. Not only is this the highest ever net growth on record for a second quarter in Blackburn, it also represents an increase of 23.0% on the same period last year.

Further good news for the town came in April, when a record 74 new company registrations topped all previous records for that month.

Not only are many new companies opening up, the first half of the year showed a drop in company closures, with 238 closures during this period. This figure represents a 20.9% decrease on the previous year. The highest ever number of company closures in the first half of a year was in 2009, when 419 companies were dissolved.

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

“The combination of a net growth in new companies and a drop in company closures is a very positive for Blackburn."

"The town experienced a record number of company closures at the height of the recession in 2009, but since then closures have been dropping steadily as new company numbers have risen.”

"The positive data in the Duport Business Confidence Report for Blackburn suggests that the town is beginning to thrive in the face of tough economic conditions."

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

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