Business Express is an online portal that covers the latest developments in the world of business and finance. From startups and entrepreneurship to mergers and acquisitions, Business Express provides reporting on the stories that matter most to business leaders and decision-makers.The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
IMG 7894 644
IMG 7894 644

UK sees record second quarter for creation of new businesses


UK sees record second quarter for creation of new businesses

More than 190,000 new businesses incorporated in April, May and June this year

UK is on course for 800,000 new companies to be created this year – the most ever

New research has revealed that more British businesses were set up between April and June this year than any second quarter in history.

The study by tax app Ember found that from the start of April up to the end of June 2021, 190,639 companies were incorporated at Companies House.

That equates to 2,095 brand new businesses each day, or 87 every single hour.

It marks the first time that the second quarter of a year has seen more than 190,000 companies created in the UK.

The previous high mark for the second quarter of a year was in 2020, when despite the impact of the coronavirus pandemic, 176,115 businesses were created in the second three months of the year.

Don't miss out on any breaking news or insightful opinions!
Subscribe to our free newsletter and stay updated on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email.

Overall, Q2 of 2021 is one of the UK’s best ever quarters for incorporations, behind only the third and fourth quarters of 2020, and the first three months of this year, during each of which more than 200,000 businesses were created.

In total, 402,007 businesses have been created in the first six months of 2021, which is already close to surpassing the 440,638 new companies incorporated in the whole of 2011.

The calendar year of 2020 saw the number of new businesses totalling 768,777, an average of 192,194 per quarter, or 2,106 each day.

Up the end of June this year, new companies are being incorporated at an average rate of 2,221 each day, which means the UK is on course for its biggest ever number of new businesses in a calendar year – more than 800,000 in total.

Commenting on the study, Ember co-founder Daniel Hogan said: “July of 2020 seems to have been the starting point for a new business boom in the UK – the third quarter of 2020 saw the highest number of business incorporations in British history. That has been followed by three more quarters of impressive growth, and it’s great to see so many new companies being created.”

The research was conducted by Ember, the tax app that automates users’ accounting and sorts their taxes to help make business admin simpler and more cost effective.

The top ten quarters by number of new businesses incorporated, by Ember

Rank Year Quarter Number of new businesses incorporated
1 2020 Q3 221,020
2 2021 Q1 211,368
3 2020 Q4 201,820
4 2021 Q2 190,639
5 2019 Q1 182,742
6 2020 Q2 176,115
7 2016 Q2 172,935
8 2016 Q1 172,096
9 2017 Q1 170,143
10 2019 Q2 169,976

 

 

Recent Post: