A 7% year on Year increase for start-up companies registered in February 2015 has shown that the total number of companies registered in the UK has reached 3,440,919, according to the latest figures released from Companies House.
In February there were 51,596 Incorporations and 2,154 company liquidations or insolvency proceedings showing a net increase of 49,442.
March and April tend to mark the annual peak for company incorporations. Historically, on average 9.0% of incorporations occur in February. Dissolutions remain relatively stable over the course of the year. The number of incorporations and dissolutions fluctuate annually, but the number of each has generally been increasing over time.
The numbers of incorporations and dissolutions in a year have seen large increases between January 1979 and March 2014: Incorporations have increased from 66,500 to 533,000 and dissolutions from 25,700 to 332,300.
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In February 2015, there were 1,926 company liquidations in the UK. Over 45% (875) of these liquidations were creditors’ voluntary liquidations. In addition, there were 228 insolvency proceedings notifications, of which 61.0% (139) had administrators appointed closing the month with 80,692 companies in the UK that were in the process of insolvency.