Company Formations On The Rise Again
The number of new companies being formed has started to rise again after two years of record falls.
New businesses registered with Companies House numbered 362,300 in the year to March 2010, up 10 per cent on the year before.
The previous two years had seen falls of 17 per cent (in 2007/8) and 11 per cent (in 2008/9) respectively, according to accountancy firm Wilkins Kennedy.
Roger Williams, a partner at the firm, comments, ‘This economic crisis has caused a slump in new start-ups that was more than twice as severe as in the 1990/1 downturn.
‘Hundreds of thousands of people have lost their jobs since the banking crisis started but what we are now seeing is that many of those have dusted themselves down and are starting up their own business.’
The number of new businesses created in the year to March is still 20 per cent lower than in 2006/7, when more than 450,000 companies were registered.
Free Resources
Related posts:
- BOE: ‘interest rates may rise’ Interest rates may be increased next year and quantitive easing (QE) could be removed, according to Mervyn King, the governor of the Bank of England....
- Company Information Must Be On OFRs Say HR Boffins Companies must be forced by the Government to include employee information on their annual reports, HR industry representatives have urged. The measure should be included...
- Rise in NIC is ‘tax on employment’ Rise in NIC is ‘tax on employment’ Chancellor Alistair Darling’s increase in National Insurance Contributions in the Pre-Budget Report is a ‘tax on employment’, according...
Leave a comment
- Paul Green's 'Top Tweets' Daily is out! http://t.co/eppJSHeJ ▸ Top stories today via @Kirsty_Henshaw @simplybusiness @PaulSloane 15 hrs ago
- @paulgoodfellow5 Hi Paul - sounds interesting. What sort of help are you looking for? 1 day ago
- How do you get the positioning right for your business?: http://t.co/dccfNtYn 1 day ago
- The best attended networking group to date #NABONetworking http://t.co/9W6SpQEj 1 day ago
- I just became the mayor of Home on @foursquare! http://t.co/TPjSOvqS 2 days ago
- Waiting for train to start the journey home. (@ Bletchley Railway Station (BLY)) http://t.co/aT9iL5Oe 2 days ago
- Lunchtime :-) (@ The Barge Inn) http://t.co/19UyEoNS 2 days ago
- More updates...
Blog/Article Categories
Blog Archives
Blog Tags
Banks
business link
business plan
Business Planning
cash
cashflow
cash flow
direct mail
direct marketing
Direct Marketing Tip
downturn
economy
employee
employees
entrepreneur
finance
Finance
funding
funds
growth
hmrc
HR
Human Resources
IT
leader
leadership
leadership
Legal
lending
loan
Loans
management
Manufacturing
marketing
Marketing
profit
recession
sales
sales letter
small business
SME
staff
Start Ups
Tax
Vince Cable
