Company Formation Climbs to All-time High in Barnet, Reports Duport

Share Article

The London Borough of Barnet saw a record number of new company formations in 2012, according to the latest Duport Business Confidence Report for the area.

Barnet is a hub for SMEs

With excellent transport links to Central London and a skilled, educated workforce, it is clear why so many new companies are choosing to set up here.

2012 brought good news to Barnet in terms of company formation numbers. The number of new companies registered during the year reached 1148 - more than any other year in the history of the area.

Although company closures rose slightly to 693, from 688 in 2011, net company growth increased overall.

The increase in new companies fits in with the economic profile of the area, as most of the local businesses are small to medium-sized. There has been ongoing regeneration in recent years, with a proposal for the latest new development of 631 new homes submitted to the council earlier this month.

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

“Barnet is already a hub for SMEs, and the recent influx of new company formations should serve to expand the business base still further.

“With excellent transport links to Central London and a skilled, educated workforce, it is clear why so many new companies are choosing to set up here.”

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

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.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Tom Valaitis