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06/01/2010
New business start-ups 'higher in 2009' |
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Last year is likely to have seen more business start-ups in the UK than in 2008, it has been suggested.
In the first ten months of 2009, 476,000 companies were set up, compared with 525,000 for the whole of 2008, the Daily Telegraph reports.
The paper stated that this means the final total for last year is likely to represent the third annual rise in new firms in a row.
It attributed this trend to the rise in the number of self-employed people and the ease of setting up an enterprise using the internet.
The paper quoted managing director of Barclays' Local Business division Steve Cooper as saying: "The UK small and medium enterprise stats have been more resilient than we thought they would be."
Those setting up a firm may wish to speak to business lawyers about the processes involved.
While the number of new firms is rising, insolvencies have been falling.
Insolvency Service figures showed that in the third quarter of 2009, there was a 4.7 per cent drop in the number of compulsory or voluntary liquidations compared with the previous three months.
Written by Pauline Adams
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