The fall in net company growth in Cannock is indicative of the difficult economic conditions throughout the UK
Cannock, Staffordshire (PRWEB UK) 28 January 2013
The third quarter of 2012 saw a drop in net company growth in Cannock, according to the latest Duport Business Confidence Report.
The company register increased by 31 during this period, compared to 48 in the same period during 2011. Although the number of company formations rose, an increase in company closures led to the fall in net company growth.
The local council is currently working to regenerate the area. Its main objectives are to encourage business growth and diversity, promote the area to investors and support initiatives to secure jobs for local people.
Managing Director of Duport.co.uk, Peter Valaitis said:
“The fall in net company growth in Cannock is indicative of the difficult economic conditions throughout the UK.”
“The action the council is taking to regenerate the area will no doubt have a positive effect on the local economy in the coming months and years. It will be interesting to see whether net company growth has risen by the time we publish our next report.”
The Duport Business Confidence Report for Cannock provides a wealth of economic data that provides an insight into the business landscape of the area. More information and statistics can be found at http://www.duport.co.uk/cannock.
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.