Startup Success – London leads the way in Startup business smash in 2014!

2014 was clearly the year of the Startups with Companies House filing a record breaking 581,173 registrations for new businesses, nearly a 100,000 increase than that of 2012 (484,224).

London was the biggest contributor accounting for nearly 1/5th of all new registrations for small and new business at 184,671. However, Britain’s second biggest cities also reported healthy numbers, clearly demonstrating a growing appetite for people wishing to start their own business: Birmingham in 2nd with 18,337 and Manchester narrowly behind with 13,054 respectively.

Evidently not all new businesses registered with Companies House will result in actual trade, but what is clear is that the UK certainly has a growing appetite for the startup industry.

Serial Entrepreneur and Chairmen of the Centre for Entrepreneur’s Luke Johnson, commented “Starting a business is easier, quicker and cheaper than ever thanks to new technology.

“Entrepreneurs have higher profiles than in the past and are seen as role models. Traditional jobs for life have largely disappeared, as have occupational pensions.”

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