The UK certainly is a very dynamic economy and with an enterprise culture, this can clearly be seen by the volume of company formations on a monthly basis. Each month Companies house refreshes their data around the 6th of monthly and we refresh our database adding in the newly formed businesses to match.
There are low barriers to incorporation in the UK, for example companies can be formed within a few minutes online using the .gov wizard and once the modest free of £15 is paid, the company is created. Well it goes off for a review before formation, but the user process is very fast.
Furthermore the trend towards a Gig economy and desire by so many to be the masters of their own destiny drives up the numbers also. Whilst less attractive that in the past the UK Corporate taxation levels are lower than the equivalent personal tax ones.
Here are a selection of this months registrations – January 2018 – updated by Companies House 6th February 2018
Creating a company also establishes a seperate legal entity or personality which then limits liability in the event of a wind up to just the unpaid share capital, so for many £1 is the max liability.
Companies with 0-9