New Business Is Booming In Merseyside

NEW figures just out show that more new companies were registered in Merseyside during 2016 than in any previous year, bringing the total number of companies in the area to more than 60,000 for the first time. A total of 10,617 new businesses were registered in Merseyside compared to 9,857 in 2015. The number of registered companies in Merseyside now totals 60,027, up from 56,875 at the end of 2015, which equates to 5.5% growth. The statistics come from the Inform Direct Review of UK Company Formations, using data from Companies House and the Office of National Statistics. Liverpool formed the most new businesses (4,962), followed by Wirral  (2,250) and Sefton (1,810). Inform Direct Infographic – Company formations in Merseyside 2016 John Korchak, Director of Operations at Inform Direct said: “These figures underline the positive entrepreneurial culture that fosters new company formations and drives economic growth. So far, at least, we’re not seeing evidence that the Brexit vote has dented confidence among those considering starting up in business. “Merseyside again delivered an impressive number of new companies in 2016, demonstrating that it offers a fertile environment for new businesses to spring up and prosper.” Across the UK as a whole, there were a record-breaking 664,720 companies formed – up from 612,565 in 2015. The number of UK companies now stands at 3,962,909. Of the 601,418 formations in England, 209,869 were in London. 35,502 companies were formed in Scotland, 15,795 in Wales and 7,389 in Northern Ireland. To see a more detailed picture of company formations in Merseyside – including a full local breakdown, visit: http://www.informdirect.co.uk/company-formations-2016/merseyside/ To see the report in full visit: http:/www.informdirect.co.uk/company-formations-2016/