This website uses cookies primarily for visitor analytics. Certain pages will ask you to fill in contact details to receive additional information. On these pages you have the option of having the site log your details for future visits. Indicating you want the site to remember your details will place a cookie on your device. To view our full cookie policy, please click here. You can also view it at any time by going to our Contact Us page.

https://www.rwmexhibition.com/welcome/about-us

Figures show continuing rise in company and corporation numbers

05 October 2016

Publication of the UK Business: Activity, Size and Location, 2016 report by the Office of National Statistics (ONS) shows the gap between sole proprietors and larger businesses has continued to increase.

A total of 2.55m businesses were registered for VAT and PAYE within the UK in March 2016, the publication states.

This is an increase of 4.3% compared with the 2015 figure, rising by 105,000 over the year.

Previous studies have shown a decline in the numbers of sole proprietors and partnerships.

The study shows this year's figure to be 27.4%, with companies and public corporations representing 68.8% of the overall number of businesses.

Those in the professional, scientific and technical sectors represent the largest group within the study, rising from 17.8% in 2015 to 18% this year.

London has the largest number of businesses, accounting for 18.7% and showed the largest growth, expanding by 7.2% compared with the 2015 figure.

The ONS attributes the rise in business numbers to the growth in the UK economy over the period of the study.

It also states that employment figures have also increased over the last five years, with more people working in the private sector and also consistent with the increasing number of businesses.

Although there is continuing uncertainty about the UK economy due to both Brexit and international pressures, the increasing number of companies and public corporations should also provide more opportunities for the FM sector at various levels.


Print this page | E-mail this page

MOST VIEWED...


Article image Chequers Chosen for Parliamentary Review

Chequers Contract Services have contributed their knowledge and experience to the 2017 Parliamentary Review, in the Construction and Engineering Edition.Full Story...

Article image Steering a route to better mobile working

Industry experts respond to PFM’s question on how mobile working has changed FM in recent yearsFull Story...

PFM Awards 2017 finalists announced

Concerns raised over data protection update

Importance of interior design emphasised by new global operations centre

http://www.fsifm.comhttps://www.emergencyuk.com/pfm2