Company formations rise by 3% in 2019 hitting 681,704

Small Business looks at the increase in newly-formed businesses across the UK in 2019.

The number of companies formed in Britain in 2019 rose by nearly three per cent, hitting 681,704 according to research.

The Centre of Entrepreneurs, which conducted the research based on Companies House data, also found some quirky businesses: 10 of the new businesses founded last year were raising llamas and alpacas, while 10 new wine producers were also registered.

“It is encouraging that despite a politically turbulent year in which business confidence hit new lows, business formations continued to set records,” said Matt Smith, director of policy and research at the Centre for Entrepreneurs. “It suggests that entrepreneurial spirit is well and truly embedded across the UK with entrepreneurs continuing to turn their ideas into action.”

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