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UK sees business creation at record levels in Q2

Over 2,000 businesses created each day between April and June

More British businesses were set up between April and June than any Q2 in history, research has revealed.

From the beginning of April to the end of June this year, 190,639 firms were incorporated at Companies House, according to a study by tax app Ember.

This amounts to over 2,000 new businesses per day.

It is the first time ever that a Q2 has seen in excess of 190,000 companies created in the UK.

The previous high for Q2 was last year, when despite the damage caused by the pandemic, 176,115 businesses were formed in the period.

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In total, 402,007 businesses have been created in the first six months of 2021, which is already close to surpassing the 440,638 new companies incorporated in the whole of 2011.

The calendar year of 2020 saw the number of new businesses totalling 768,777, an average of 192,194 per quarter, or 2,106 each day.

Commenting on the study, Ember co-founder Daniel Hogan said: “July of 2020 seems to have been the starting point for a new business boom in the UK – the third quarter of 2020 saw the highest number of business incorporations in British history. That has been followed by three more quarters of impressive growth, and it’s great to see so many new companies being created.”

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