New business incorporation figures breaking records in 2014

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According to the Companies House statistics released last week, the number of new companies being incorporated in the UK is on track to set a post-recession record in 2014, with nearly half a million new businesses starting up in the year to September.
According to the Companies House statistics released last week, the number of new companies being incorporated in the UK is on track to set a post-recession record in 2014, with nearly half a million new businesses starting up in the year to September.

A total of almost half a million new businesses have been incorporated so far in 2014, a 16% increase in the same period last year and 67% more than the same period in 2012. This means that eight out of the top ten best months for business start-ups since the recession begun have now been recorded this year.

There were over 48,000 incorporations and approximately 37,000 dissolutions in September (the number of dissolutions is slightly higher due to a processing build-up in August), causing the total number of companies on the register to reach over 3 million.

The company register has increased by over 600,000 companies in the last three years and 2m over the last 35 years. In the last 2 years October was the busiest month for start-ups, meaning this month could turn out to be the busiest period for start-ups since the recession began in 2008.