South Yorkshire company registrations on the rise

Henry Catchpole, managing director of Inform Direct.

Henry Catchpole, managing director of Inform Direct.

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More companies were registered in South Yorkshire last year than in any year previously, according to new figures.

There were 9,290 new companies formed in the region in 2015 - up from 8,318 the year before.

This represents a 11.7 per cent growth and means there are now a record number of firms in the area.

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.

Henry Catchpole, managing director of Inform Direct, 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.”

In addition, the survey also 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.