Canterbury breaks record for new company formations

The latest Duport Business Confidence Report reveals that Canterbury has had its most successful first half year ever for new company formations.

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Canterbury Cathedral

Canterbury is a thriving town which, although not completely unscathed by the recession, is doing well despite tough economic conditions.

Canterbury, UK (PRWEB UK) 30 September 2012

Canterbury has seen a record-breaking number of new company registrations in the first half of the year, according to the recently released Duport Business Confidence Report for the area.

During the first six months of 2012 there have been 265 new company registrations, a rise of 2.3% when compared to last year’s figure of 259.

As well as a rising number of company formations, there has been a drop in company closures over the last few years. Closures reached an all-time high of 257 in the first half of 2009, when the worse effects of the recession were being felt. Numbers have been dropping steadily since then, with only 139 company closures in the first half of this year.

Canterbury district retains approximately 4,700 businesses, with up to 60,000 full- and part-time employees. Unemployment in the city has dropped significantly since 2001, owing to the opening of the Whitefriars shopping complex which created thousands of job opportunities. The city also benefits from a healthy tourist trade with over 1 million visitors every year.

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

“Canterbury is a thriving town which, although not completely unscathed by the recession, is doing well despite tough economic conditions.

“The record number of company formations set up in the first half of this year points towards an economy that looks set to continue growing in years to come.”

The unique nature of Canterbury’s tourist offering, together a healthy economy and low unemployment should provide a solid economic base in the city for the foreseeable future.

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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