Company registrations rocket in High Wycombe reports Duport

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According to new research from company formation specialists, Duport.co.uk the number of company registrations in High Wycombe reached a record high last year.

There were a record number of company formations in High Wycombe last year

The fact the company formations have reached a record high shows that entrepreneurial spirit is alive and well in the town

2012 saw company formation in High Wycombe reach a record high, according to the latest Duport Business Confidence Report for the area.

The year saw a total of 980 new company formations - more than any other year on record for the town and an 8% rise when compared with 2011.

However, it is worth noting that net company growth in High Wycombe actually fell in 2012, due a high number of company closures over the year. In addition, the UK company share of the town also dropped between January and December.

Wycombe District Council's Cabinet has rubber stamped a range of projects totalling £1.85m, with the aim of regenerating the area. It has pledged £19,000 to the town centre, to improve public art, street furniture, de-cluttering and greenery in hopes that it will increase footfall and benefit town centre businesses.

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

“Our annual report on High Wycombe contains a variety of statistics, both positive and negative.

“Although company closures rose over the last year, the fact the company formations have reached a record high shows that entrepreneurial spirit is alive and well in the town.”

The Duport Business Confidence Report for High Wycombe contains valuable data that can be used to analyse the local economy. More information and statistics can be found at http://www.duport.co.uk/highwycombe.

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