Company Formation Soars to Record Levels in Woodford Green

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The third quarter of 2012 saw a record level of company formation in Woodford Green, according to the latest Duport Business Confidence Report for the area.

Company formation is growing in Woodford Green

As more and more companies set up here, the business base will diversify, helping to protect the town against future economic shocks

Research released by company formation specialists, Duport.co.uk shows a record number of new company registrations during the third quarter of 2012 in Woodford Green.

During this period, there were 127 new companies formed - more than any other Q3 on record the town and a 27% increase on Q3 of the previous year.

Net company growth in the area also rose significantly during the third quarter, with the company register increasing by 42, compared to 26 in Q3 of 2011.

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

“Our report contains a number of positive statistics for Woodford Green, suggesting the local economy is coping well in a tough financial climate.”

“As more and more companies set up here, the business base will diversify, helping to protect the town against future economic shocks.”

The Duport Business Confidence Report for Woodford Green contains detailed data that can be used to analyse the local business landscape. More information and statistics can be found at http://www.duport.co.uk/woodfordgreen.

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