Mixed results for Northwood in economic report by Duport

The area of Northwood, London is the subject of the latest Duport Business Confidence Report, which shows mixed economic results for the area in recent months.

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Company closures are falling in Northwood

Our report for Northwood shows a mixed bag of statistics for the area, with rising company formations and an increase in company closures

Northwood, Greater London (PRWEB UK) 24 January 2013

According to recent research by formation agents Duport.co.uk there was a rise in company formation in Northwood during the third quarter of 2012.

Between July and September, there were 124 new companies formed, representing a 22% increase on the third quarter of 2011.

However, company closures also rose by 35% during this period, leading to a very slight drop in net company growth for Northwood. Interestingly, as net company growth fell, the UK company share of the town actually rose.

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

“Our report for Northwood shows a mixed bag of statistics for the area, with rising company formations and an increase in company closures.”

“However, there was only a very slight drop in net company growth, suggesting that business confidence in the town may be in reasonably good shape as we embark upon the new year.”

The Duport Business Confidence Report for Northwood contains data on everything from average director age to company naming trends. More information and statistics can be found at http://www.duport.co.uk/northwood.

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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