Morris Crocker - Chartered Accountants
Log In >

NEWS

2024 ‘record number’ of company creations

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

Latest news...

07/07/2025

HMRC sends side hustle warning

HMRC is warning those earning extra income through a side hustle to check if they need to register for self assessment and file a tax return.

READ MORE

Newsletter Sign Up

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.



REF: MC/NL/1.2