Net company growth increased during third quarter in Tunbridge Wells reports Duport

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Net company growth in Tunbridge Wells rose during the third quarter of last year, according to the latest Duport Business Confidence Report for the area.

Company formations are rising in Tunbridge Wells

Our report contains some very positive statistics for Tunbridge Wells, suggesting the local economy is doing well, despite tough economic conditions

There was a rise in net company growth in Tunbridge Wells during the third quarter of 2012, according to figures released by company formation specialists, Duport.co.uk.

Between July and September, net company growth stood at 100, compared to 89 in Q3 of 2011 and 56 in Q3 of 2010. The rise in net company growth is the result of both an increased number of company formations and a drop in company closures.

The town’s economic strategy could be a contributing factor in the rise in company formations. The strategy focuses on “development of a wide range of enterprises in the borough by providing business support and advice and appropriate employment floorspace”, as well as improving the attractiveness and accessibility of the town centre.

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

“Our report contains some very positive statistics for Tunbridge Wells, suggesting the local economy is doing well, despite tough economic conditions.”

“The support for business start ups that is provided by the council no doubt has a positive impact on the number of companies that are formed and stay open in the town.”

The Duport Business Confidence Report for Tunbridge Wells uses accurate economic data to provide a snapshot of business conditions in the area. More information and statistics can be found at http://www.duport.co.uk/tunbridgewells.

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