Member Article

Record number of start-ups for Halifax

The first quarter of the year saw Halifax, West Yorkshire smash its own record for new company formations.

Over the three months, there were 183 new companies registered - more than any other first quarter on record and a 12% rise on the previous year.

The report also shows a 35% rise in company closures during the period, suggesting trading conditions have not yet returned to pre-recession levels.

Despite this, net company growth (the number of formations minus the number of closures) remained almost exactly level with 2013.

Managing director of Duport.co.uk, Peter Valaitis commented: “Our report shows a mixed bag of results for Halifax. Rising company formation suggests business confidence is on the rise, whilst an increase in closures suggests that trading conditions are still difficult in some sectors.”

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.

This was posted in Bdaily's Members' News section by Clare Burnett .