Record third quarter for company formation in Gateshead, reports Duport

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Company formation in Gateshead reached a record level during the third quarter of 2012, according to the latest Duport Business Confidence Report.

Millennium Bridge, Gateshead

With so much new development, Gateshead is an exciting place for business startups right now

The third quarter of 2012 saw a record number of new company formations in Gateshead, according to recently released research by company formation specialists

This figure is the highest for any third quarter on record for the town, and also represents an 11% rise on the same period in 2011.

The rise in company formation could be due to growing business confidence as a result of new developments in the area. The 21 hectare Baltic Business Quarter is currently under construction, and will deliver 1.5 million square feet of urban office space when completed. Work has just completed on the Northern Design Centre, offering 60,000sq ft of purpose-built office space for startup, small and expanding companies together with designated creativity, exhibition and research areas.

A number of projects have also been completed on Gateshead’s regenerated waterfront. Further developments will include hotels, residential apartments, restaurants and cafes, retail units, a cinema, and 229 car parking spaces.

Managing Director of, Peter Valaitis said:

“With so much new development, Gateshead is an exciting place for business startups right now. I am not surprised we have seen a record number of new company registrations in the third quarter of 2012 - they will almost certainly benefit from the many projects that are ongoing in the town.”

The Duport Business Confidence Report for Gateshead uses detailed economic data to provide a snapshot of the local business landscape. More information can be found at

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