Company registration decreasing in Waltham Cross reports Duport

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The third quarter of the year saw a drop in new company formations in Waltham Cross, according to new research from Duport.co.uk.

The local authority are seeking investment

Although the statistics in our latest report for Waltham Cross are not universally positive, the drop in net company growth is relatively small

The latest Duport Business Confidence Report for Waltham Cross shows a drop in company formations during the third quarter of last year.

During this period, new company registrations fell by 11%, when compared with the same period in 2011. Company closures also fell during this period, but despite this, there was still an overall reduction in net company growth.

In addition, the UK company share of Waltham Cross fell during the third quarter, suggesting that the town may be feeling the effects of the economic downturn. However, the local council are working hard to promote the town to investors, with the aim of strengthening the local economy.

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

“Although the statistics in our latest report for Waltham Cross are not universally positive, the drop in net company growth is relatively small.”

“There are so many benefits to setting up a business in this area, including proximity to London and continuing improvements to the town centre, I feel sure new company numbers will rise again in future.”

The Duport Business Confidence Report for Waltham Cross contains a wealth of data that gives an insight into the local economy. More information and statistics can be found at http://www.duport.co.uk/walthamcross.

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