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 >
24/02/2026
Vaping businesses urged to prepare
HMRC is urging manufacturers, importers, and warehousekeepers involved with vaping products to prepare for new duties.
READ MORE
Get tax affairs back on track
The Low Incomes Tax Reform Group (LITRG) is urging the estimated one million taxpayers who failed to file their tax return on time to get their tax affairs back on track.
Latest guidance for employers
HMRC has published the latest issue of the Employer Bulletin.
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.