Business formations reach record levels as Bath’s economy bounces back

March 6, 2014
By

The number of business start-ups in Bath reached an all-time high last year despite the slow recovery from recession, new figures show.

Some 920 new companies were formed in the BA1 and BA2 postcodes during 2013 – 11% higher than the previous year.

In a further sign of growing confidence, net company growth – the number of company formations minus the number of company closures – also rose during the year.

The upbeat figures emerge from research by Duport.co.uk, owned by leading UK company formation agent Duport Associates.

Managing director Peter Valaitis said: “The positive figures we are seeing in Bath are a testament to the resilience of the local economy. Its unique character and popularity as a tourist destination have helped it through some tough economic conditions, and I have no doubt it will continue to prosper in years to come.”

Duport has produced a business confidence reports for Bath with a range of data giving an insight into the local economy and trading conditions. More information and statistics can be found at http://www.duport.co.uk/bath.

Duport reports use public record data from sources including Companies House, Office for National Statistics and Ordnance Survey.

 

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