Borough marks 'record' Q3 company starts

By Jim Dunton - Sat 1 February 2014, 11:30 am

A total of 275 new companies were formed in Enfield during the third quarter of 2013, according to new research.

Business analytics firm Duport said the figure was more than any other third quarter on record for the area, and was also marked by a decline in company closures.

It said the 18 per cent reduction in companies being wound up had contributed to “a significant rise in net company growth”.

Duport managing director Peter Valaitis said the positive statistics could be linked to various regeneration projects going on in the area, including the £1.3 billion Meridian Water development, which is targeting the creation of 3,000 new jobs by 2026.

"The record number of company formations reflects what an exciting place Enfield is to start a business,” he said.

“With wide-ranging regeneration projects and easy access to central London, this area is an entrepreneur's dream."

Duport’s Business Confidence Report is based on data from Companies House, the Office for National Statistics and Ordnance Survey.