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First-quarter company starts jump 6%

Thu 13 June 2013, 4:12 pm

The number of new companies registered in Hounslow during the first three months of the year rose 6 per cent on the 2012 figure, according to new research.

Business analytics firm Duport said 403 new companies were formed in the borough in the first quarter of 2013, although a rise in company closures meant an overall drop in net company growth.

Duport managing director Peter Valaitis said company formations in the borough had been gradually rising every first quarter since 2009.

"The rising number of company formations suggests business confidence is returning to Hounslow, which could be linked to the regeneration plans that are in the pipeline,” he said.

“However, the rise in company closures reminds us that trading conditions are still tough in many parts of the country."

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