Half a million new firms set to open doors in Britain this year

Marion Dakers
ALMOST 400,000 new businesses have been registered in Britain so far this year, putting the country on course for half a million new firms in 2013, according to StartUp Britain.

Based on this total, the group estimates that a whopping 523,410 new companies will be formed this year.

The campaign group, which combed through Companies House filings, said the UK is set to beat last year’s total of 484,224 new businesses.

“These figures are raw, they are unaudited, but what they are telling us is that there has been more growth in start-up rates – and we’re on target to hit the half-a-million target,” said StartUp Britain’s co-founder Emma Jones in a statement.

The upbeat figures follow official data from the Office for National Statistics last week that revealed there were 2.17m companies registered to pay VAT or PAYE tax in March, up 18,000 on a year ago and beyond the record set in 2008.

Around 17 per cent of these firms were based in London, up from 16.7 per cent a year ago.