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Jordans

BRITAIN SUSTAINS ITS ENTREPRENEUERIAL MOMENTUM

More than 38,000 new companies formed each month

More EU businesses are forming their companies in the UK

Almost half a million new companies (456,320) have been formed in Britain during the past year, at an average of more than 38,000 per month.

This is the finding of Jordans – the country‘s largest independent specialist in company formations, business information, and corporate services.

Despite increasing tax and regulatory pressures on UK businesses, Jordans has confirmed a sustained level of new company formations, and identified an increasing trend for businesses in some EU countries to form their new companies in the UK.

According to Paul Townsend, Director of Jordans‘ Corporate Services: “Over the past 12 months, new company formations have remained above an average of 38,000 per month.

“There was a near doubling of this figure for the months of February and March – driven by accountants advising sole trader clients to incorporate their business before the new tax year in April.

“Indeed, the most effective salesman for our company formation service is the Chancellor, with his announcements on tax changes encouraging more entrepreneurs to shift from being sole traders to forming a company”, said Mr Townsend.

Meanwhile, there has been a marked increase in the number of businesses in continental countries choosing the UK for the formation of new companies.

“We have seen a marked rise in the number of German businesses forming their companies in the UK, and this is now beginning to spread to other countries, including Italy”, said Mr Townsend.

“Those European companies have recognised the stability and certainty of the UK‘s business regime, as well as a less onerous and costly formula for company formations than some other EU countries”, he explained.

 ENDS             29th November 2007

For further information please contact Neil Fraser, Sturgess Van Damme, on 01275 349011 or email neil@sturgessvandamme.co.uk

Note to editors

  • Jordans Limited has been providing professional business services for over 140 years. These services now include company formations and administration in the UK and internationally, business information and conveyancing support. 
  • Jordans have been offering company formations for all of its 140 years.  As well as forming all types of companies, they provide software – Incorporator - for clients who undertake volume formations and PCSec, a software package which helps company secretaries administer their companies.
  • Jordans have been providing international corporate services for many years. With offices in Bristol, London and five offshore locations (Jersey, Gibraltar, Cyprus, British Virgin Islands and Seychelles) Jordans Ltd is able to provide full UK and international support for their clients.  International services include setting up UK or offshore companies and trusts, company management and professional trusteeship.
  • Jordans‘ business information services include company searches, data sales (either large or small batches of data on companies and directors) and three branded products – JordanWatch, a database of information and reports on companies, NameGuard, a company name-watching service, and KYC (Know Your Client) Reports used for anti-money laundering information. 
  • Jordans Limited has been in the property search business for 30 years and has been offering online search ordering for several years.  Their service spans more than 70 different searches, ranging from all the standard searches, including local authority, drainage and environmental, to the many special requirements for individual properties and localities, such as searches for mining, transport and chancel repair.
  • Jordans has over 100 years of conveyancing experience and is one of only three National Land Information Search channels providing local authority searches electronically. The company offers a comprehensive HIPs package, delivering all elements of the pack efficiently and within the quickest possible time.
  • Jordans are committed to providing a first-class service and enjoy a reputation for quality, reliability and professionalism.