The total number of companies registered in the UK increased again during the course of October 2010, latest figures from Companies House have revealed.
Records show a total of 2,647,500 businesses registered in the UK in the week ending October 31st, compared 2,643,377 four weeks earlier. The increase, 3,123 new businesses, continues the trend witnessed in recent months, with the overall number of incorporations rising steadily since the exit from recession. However, a fall was witnessed in the number of publically listed companies – from 9,612 to 9,563.
In England and Wales, the number of registered companies rose from 2,459,019 to 2,463,415. In Scotland, the number fell from 147,776 to 147,524, with 371 public firms in existence and in Northern Ireland also saw a drop, from 36,582 to 36,561, with the number of plcs holding steady at 37.
Last month the Institute for Employment Studies, suggested that the public spending cuts could persuade many individuals to enter self-employment.
On the overall numbers, Gareth Osborne of APA said: “These figures represent businesses registered with Companies House and does not include all those sole traders and business partnerships that trade (are businesses) but do not seek the protection of being a limited company. The total number of UK trading entities is around 3.8 million.”
“Like the IES, APA believes that many workers made redundant from the Public Sector will move into self-employment. From recent forecasts many of these are thought to be support staff, which includes PAs and, as a result, we are likely to see the rise of Virtual PAs in the marketplace and other similar services.”
APA
Records show a total of 2,647,500 businesses registered in the UK in the week ending October 31st, compared 2,643,377 four weeks earlier. The increase, 3,123 new businesses, continues the trend witnessed in recent months, with the overall number of incorporations rising steadily since the exit from recession. However, a fall was witnessed in the number of publically listed companies – from 9,612 to 9,563.
In England and Wales, the number of registered companies rose from 2,459,019 to 2,463,415. In Scotland, the number fell from 147,776 to 147,524, with 371 public firms in existence and in Northern Ireland also saw a drop, from 36,582 to 36,561, with the number of plcs holding steady at 37.
Last month the Institute for Employment Studies, suggested that the public spending cuts could persuade many individuals to enter self-employment.
On the overall numbers, Gareth Osborne of APA said: “These figures represent businesses registered with Companies House and does not include all those sole traders and business partnerships that trade (are businesses) but do not seek the protection of being a limited company. The total number of UK trading entities is around 3.8 million.”
“Like the IES, APA believes that many workers made redundant from the Public Sector will move into self-employment. From recent forecasts many of these are thought to be support staff, which includes PAs and, as a result, we are likely to see the rise of Virtual PAs in the marketplace and other similar services.”
APA
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