Net company growth fell in Sidcup during the third quarter of 2012, according to figures in the latest Duport Business Confidence Report.
UK (PRWEB UK) 3 January 2013
Sidcup: Research by leading company formation agents, Duport.co.uk shows that net company growth declined during the third quarter of 2012 in Sidcup.
During this period, net company growth stood at 13, a significant drop when compared to 28 during the third quarter of 2011. Company formation also fell by 18% during the third quarter, and Sidcup's UK company share also declined.
However, the town is soon set to benefit from a range of improvements that will revitalise the high street, making it more attractive to both new businesses and shoppers. Last year, London mayor Boris Johnson allocated £1.8 million to carry out a number of regeneration projects in the area over the next two years.
Managing Director of Duport.co.uk, Peter Valaitis said:
“Like the rest of the country, Sidcup has suffered during a challenging economic period.”
“But the improvements that are taking place in the town could help kick-start the local economy, leading to greater prosperity in 2013.”
The Duport Business Confidence Report provides an economic overview of Sidcup, and includes both current and historical data, as well as data for the UK as whole. More information can be found at http://www.duport.co.uk/sidcup.
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.
For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2013/1/prweb10284855.htm
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.