Skip to main content
Guiding you to a better future

Search

For a successful business, you need a viable business idea, the skills to make it work and the funding. Discover whether your idea has what it takes.

Forming your business correctly is essential to ensure you are protected and you comply with the rules. Learn how to set up your business.

It is likely you will need funding to start your business unless you have your own money. Discover some of the main sources of start up funding.

Businesses and individuals must account for and pay various taxes. Understand your tax obligations and how to file, account and pay any taxes you owe.

Businesses are required to comply with a wide range of business laws. We introduce the main rules and regulations you must comply with.

Learn why business planning is an essential exercise if your business is to start and grow successfully, attract funding or target new markets.

Marketing matters. It drives sales and helps promote your brand and products. Discover how to market your business and reach your target customers.

Some businesses need a high street location whilst others can be run from home. Understand the key factors from cost to location, size to security.

Your employees can your biggest asset. They can also be your biggest challenge. We explain how to recruitment and manage staff successfully.

It is likely your business could not function without some form of IT. Learn how to specify, buy, maintain and secure your business IT.

Few businesses manage the leap from start up to high-growth business. Learn what it takes to scale up and take your business to the next level.

Almost half a million businesses got off the ground in 2020

9 March 2021

In spite of the coronavirus pandemic, 468,371 businesses were registered in the UK in 2020 according to data from Companies House.

A new study by instantprint has found that the pandemic certainly didn't kill off the entrepreneurial spirit in the UK.

The most popular start-up sector in 2020 was retail sales, with 22,011 new registrations in this field. Other popular choices included management consultancy (16,869), real estate (16,747), freight transport (10,848), building development (9,217) and IT consultancy (9,064).

June was the peak month for new business registrations in 2020, with 52,281 registrations. Comparatively, January was the least busy with just 25,403 registrations. The 27th week of the year (29th June - 5th July) was the busiest week for new registrations - 18,189 were made that week alone.

London (123,462 registrations), Birmingham (11,165), and Manchester (9,684) were found to be the cities with the highest number of new company registrations in 2020, followed by Glasgow, Leicester, Leeds, Bristol and Liverpool.

Looking ahead, the survey data found that almost a fifth of UK adults (18%) have firm plans to start a business in 2021, with a further third (29%) considering a new business. Young people are most likely to be looking to start a new enterprise - including 39% of 18-24-year-olds and 32% of millennials (25-34-year-olds).

London (28%), Birmingham (26%), Bristol (21%), Manchester (21%) and Newcastle (17%), came out as the top cities for residents looking to start a business in 2021.

While COVID-19 restrictions remain in place, most of those launching a new business in early 2021 are expected to do some from home. "There really has been no easier time to run a business out of your home, and it's great to see the number of business ventures being embarked upon by UK adults, despite the events the year has presented us with," said Laura Mucklow, head of instantprint.

Meanwhile, the extension of the furlough scheme to September 2021 has prevented a large number of business failures, according to a survey of 1,000 SME decision-makers by Hitachi Capital Invoice Finance.

Its findings show that 12% of small firms said that they would have been at risk of closure had the furlough scheme ended in April; a further 14% of business leaders said they would have had to make redundancies. Nearly a third of SMEs (30%) said their business would not have survived the pandemic at all without the furlough scheme.

Written by Rachel Miller.

Stay up-to-date with business advice and news

Sign up to this lively and colourful newsletter for new and more established small businesses.

Contact us

Make an enquiry