Record quarter for Feltham economy, reports Duport

Feltham has broken records for company formation and net company growth, according to data in the latest Duport Business Confidence Report for the area.

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Net company growth is up in Feltham

The burgeoning entrepreneurial spirit of Feltham bodes well for continued growth over Christmas and into the 2013

UK (PRWEB UK) 16 December 2012

Feltham: The third quarter of the year saw Feltham break records for company formation and net company growth, suggesting the area is bouncing back from the effects of the recession.

Between July and September, 156 new companies were registered. This figure represents a 32% increase on the same period in 2011, and sets a new record when compared with all other third quarters in the history of the town.

Net company growth also reached a record level during the third quarter, with the company register increasing by 73 - more than any other Q3 on record for Feltham.

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

β€œCompany formation is a good indicator of how well the economy of an area is doing, so the record-breaking results we are seeing in Feltham are a really positive sign for the town.”

β€œThe burgeoning entrepreneurial spirit of Feltham bodes well for continued growth over Christmas and into the 2013.”

The Duport Business Confidence Report for Feltham provides an overview of the local economy, with data and statistics on everything from company formation to average director age. More information can be found at http://www.duport.co.uk/feltham.

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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