Company formations ‘an encouraging sign’

ENCOURAGING signs are being seen with an improvement in the number of company formations.

The latest statistics from ICC Formations show that the number of new companies incorporated in the three months to the end of September was almost 2% less than the same period last year.

These figures are “encouraging” according to ICC when compared to the earlier two quarters in the year when formations plunged 18.4% and 20.2%.