Duport reports rising company formation numbers in Sutton

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Last year there was a record level of company formation in Sutton, according to a new report from company formation specialists, Duport.co.uk.

Company formations are on the rise in Sutton

New businesses will diversify the economic base, helping protect the area from future economic shocks

The annual Duport Business Confidence Report for Sutton reveals that there were a record number of limited company formations in the town last year.

Between January and December, 863 new companies were formed - more than any other year on record for the area. Net company growth also rose during this period, although the UK company share of Sutton fell slightly.

Sutton Council is currently working hard to encourage inward investment, which could be a factor in the rising number of company formations. There are also a range of support services available to business start-ups, including free business advice sessions and networking events.

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

“The record number of company formations last year is a positive sign for the economy of Sutton. New businesses will diversify the economic base, helping protect the area from future economic shocks.”

The Duport Business Confidence Report for Sutton provides a wealth of data that gives an insight into the business landscape of the area. More information and statistics can be found at http://www.duport.co.uk/sutton.

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