Report from Duport shows Edgware economy doing well

Company formation in Edgware rose during the third quarter of 2012, according to the recently-released Duport Business Confidence Report.

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New companies are forming in Edgware

The positive statistics in our latest report show that the town is emerging from the recession with plenty to look forward to in 2013

UK (PRWEB UK) 4 January 2013

Edgware: During the third quarter of 2012, company formation numbers in Edgware rose by 13% when compared to the same period in 2011, according to a new economic report from Duport.co.uk.

The report also shows a rise in net company growth and an increase in Edgware’s UK company share. In addition, the percentage of young directors and female directors rose during the third quarter of 2012.

The economic success of Edgware could be linked to its location in the London Borough of Barnet. The economy of Barnet has remained reasonably healthy during the recession, due to lower than average rates of unemployment for London and a higher than average rate of VAT-registered businesses. The workforce of the area is also highly skilled and, on average, earns higher than the London median rate.

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

“The inherent strength of Barnet’s economy has helped it weather the financial storm without too much damage.”

“The positive statistics in our latest report show that the town is emerging from the recession with plenty to look forward to in 2013.”

The Duport Business Confidence Report provides an overview of the business landscape of Edgware, with information on a variety of economic indicators. More information can be found at http://www.duport.co.uk/edgware.

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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