Research published by data provider Beauhurst and NatWest has suggested that the UK is on track for a record number of new company creations.
During the first half of 2024, there were 468,000 new business incorporations in the first half of 2024. This represented a 6% rise when compared to last year, the research showed.
Should this continue, Beauhurst and NatWest predict the annual total for company creations could surpass 879,000. The data also showed that there are now around 5.47 million active and dormant companies in the UK.
In the first half of 2024, London experienced the most incorporations of any region of the UK.
Henry Whorwood, Managing Director at Beauhurst, commented: ‘Certain aspects of the economy are firing on all cylinders. UK entrepreneurs are still starting lots of new businesses. This may mark the beginning of a new normal with higher rates of entrepreneurship in the UK economy than known previously.’
28/08/2024
View all >
15/06/2026
Small businesses to benefit from strengthened debt advice services
Small businesses and the self-employed struggling with their finances to receive a helping hand as debt advice services are strengthened, the Treasury has announced.
READ MORE
Hospitality sector calls for 10% VAT rate
Hospitality businesses, teams and organisations are being urged to sign a new petition calling for the government to cut the VAT rate for the sector to 10% by UKHospitality.
Threequarters of workers not on track for 'moderate' pension income
Threequarters of UK workers are not on course to save enough for a ‘moderate’ lifestyle when they retire, according to a report by Pensions UK.
Sign up to keep in touch to receive our latest news and industry updates.
* *
Yes, I would like to receive email updates providing me with the latest finance news, advice guides and details of future events.