Bristol News

Record number of businesses based in Bristol with almost 5,000 start-ups in 2015

Share Article

Written by: Gavin Thompson | Posted 25 January 2016 9:40

Record number of businesses based in Bristol with almost 5,000 start-ups in 2015
Related Stories

There are now more companies based in Bristol than ever before, according to new figures.

There were 4,942 new companies formed in the county in 2015 - bringing the total number to 30,301.

This is up 4.1 per cent on 2014 where there were a total of 29,104 firms at the end of the year.

However, in terms of the number of companies formed in a single year, 2014 still holds the record with 5,021 registered.

The statistics were compiled by www.informdirect.co.uk, a provider of online company formations and secretarial software, using data available from Companies House and the Office of National Statistics.

Its report - The Inform Direct Review of UK Company Formations in 2015 - includes a league table of company formations county by county as well as statistics on firms registered and dissolved and percentage growth.

It has revealed that for the 12 months ended 31st December 2015, there were a record-breaking 612,565 firms formed across the United Kingdom - up from 586,784 the year before.

Scroll down the infographic below to see which parts of Bristol saw the most new company formations. 

Inform Direct Infographic - Company formations in Bristol 2015
Via: Inform Direct

 

Of those, 551,886 companies were in England, 34,711 in Scotland, 14,689 in Wales and 7,254 in Northern Ireland.

Managing director Henry Catchpole said: “Our dynamic economy and business-friendly environment are the reasons there is a ‘Great’ in Great Britain.

“All around the world, governments are spending time and money to figure out the best way to foster an entrepreneurial culture that helps boost the economy.

“But here in the UK, our politicians can nurture this business mentality that has established itself organically.

“Of course London has always stormed ahead in business but our figures from 2015 demonstrate that the rest of the UK is also displaying a growing confidence in entrepreneurialism.

“Bristol has had a very good year – although not quite as good as 2014.”

Share Article