Duport report shows drop in Horsham company formation

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Company formation numbers in Horsham fell during the third quarter of 2012, according to the latest Duport Business Confidence Report.

There has been a decline in company formations in Horsham

The fall in company formations in Horsham is indicative of the lack of business confidence in the UK as a whole at the moment

West Sussex town, Horsham saw a drop in company formation numbers during between July and September last year, according to new research released by Duport.co.uk.

There were just 122 company formations during the third quarter of the year, compared 160 in Q3 of 2011, meaning formations fell by 24%. Company closures also fell slightly during this period, but there was still an overall drop in net company growth.

Horsham is home to several large employers, including Royal & Sun Alliance, the RSPCA Headquarters, Sony DADC UK Ltd and Trend Control Systems Ltd. Although company formations have fallen, it is hoped that these companies will help sustain the local economy.

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

“The fall in company formations in Horsham is indicative of the lack of business confidence in the UK as a whole at the moment.”

“However, it is encouraging that company closures have also fallen. And the large employers based in the town, combined with its links to London and Brighton, should help protect the local economy in years to come.”

The Duport Business Confidence Report for Horsham contains a wealth of economic data that provides an overview of the business landscape. More information and statistics can be found at http://www.duport.co.uk/horsham.

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