UK (PRWEB UK) 26 December 2012
Chichester: The third quarter of 2012 saw a decline in net company growth in Chichester, according to the latest Duport Business Confidence Report for the area.
During the third quarter of the year, the company register increased by just 31 - less than half the figure seen during the same period in 2011.
The report also showed a decrease in company formations and a drop in UK company share, suggesting that the city is still struggling due to the effects of the recession.
Chichester has a vibrant tourist industry, but last year saw some cuts that could have affected it. The Tourist Information Centre was closed and replaced by a scaled-down version inside the The Novium museum. Several key tourism staff were also lost. These cuts may have had an adverse effect on the tourist trade of the city, which in turn, could have affected net company growth.
Managing Director of Duport.co.uk, Peter Valaitis said:
“The figures in our report for Chichester are not wholly positive, but I have no concerns about the long-term health of the local economy.”
“The charming and historic city centre, together with excellent transport links and a worldwide reputation for tourism, should secure a prosperous future for the Chichester beyond the economic downturn.”
The Duport Business Confidence Report for Chichester gives an insight into the local economy, providing data on a variety of economic indicators including company formations and closures. More information can be found at http://www.duport.co.uk/chichester.
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.