According to Companies House data, the number of Companies registered in Great Britain so far in 2010 has increased 12% over last year. Good news for the struggling economy as we all know too well that SMEs are essential to the growth of a country.
The rise in company formation shows that entrepreneurs are not worried by the state of the economy and are keen to get started with their own businesses.
The data also shows the around 90% of company formations are carried out online, that is using a company formation agent. Most likely due to the complexities of company formation, but also do to the low-cost formation services available. As I demonstrated previously, it actually works out cheaper to use a company formation agent to carry out your company formation than it does to attempt to do it yourself (DIY vs Company Formation Agent). The range of services available as well as the experience and guidance on hand, usually free of charge, means the majority of people choose to use an agent when dealing with Companies House.
Similarly, company reports and accounts are being filed more and more online. Cutting costs and easing the process for all parties.
Companies Registered in 2009/2010 according to CH data
Reference - http://www.companieshouse.gov.uk/about/businessRegisterStat.shtml
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