We are currently experiencing technical difficulties with our telephone system.
We apologise for any inconvenience and are working to resolve this as soon as possible.
Evolution Money
Customer Enquiries 0161 814 9158
This website uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Continue
Home > Is now the ideal time to invest in your business?

Is now the ideal time to invest in your business?

20th April 2018 | Published by Henry

Person looking at white board with ideas

Data we obtained through Companies House suggests that British entrepreneurs are increasingly looking to start their own business.

The research, titled Companies register activities: statistical release 2016/2017 was published in July last year but provides a great insight on organisations throughout the country.

Reviewing the data, we can see the number of incorporations into the Companies House register has increased throughout the years. For example, comparing 2012 and 2013 with 2016 and 2017, the number of those on the register at the start of the period has grown by around 22% to more than 3.6 million companies.

Just looking at the number of incorporations, between 2016 and 2017, we can see growth of almost 6% compared with the previous period.

Regardless of the uncertainty which seem to be affecting the economy, individuals are still pursuing their dreams of going into business themselves. This is an almost inspiring thing to see and seems to mirror the recent Spring statement and the comments from Chancellor Phillip Hammond – where he painted a positive outlook for the UK economy and commented that our “best days lie ahead of us”.*

How long does the average business last?

It’s often been said that a critical point for most businesses is the two-year mark. While we cannot say whether or not that’s true, the Companies House data suggests that most firms (around 47%) in liquidation were operating for less than four years.

However, an estimated 43% of companies on the register have been in operation for the same time period – demonstrating that this two-year mark is definitely not true in every case. Indeed, more than 20% of organisations listed are aged between 5 and 9 years.

The growth of UK businesses can be again seen in the newer companies added to the register. According to the data, more than 7% of firms are under one year old. This is in comparison to just 0.6% of organisations in liquidation after running for less than 12 months.

Should I invest in my business – or myself?

UK business looks in good shape. So now is a great time to grow yours by applying for a secured loan for business purposes. Evolution Money can also help ensure you don’t miss out on other great opportunities in life by assisting with secured loans.

*https://www.theguardian.com/uk-news/2018/mar/13/philip-hammond-spring-statement-growth-public-spending

Category: Money, Uncategorized
This post was written by Henry
Warning: Late payment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

How our customers rate us

We’re proud of the high standard of our customer service and believe that each of our customers should be treated as an individual.
Evolution Money 90 out of 100, based on 112 reviews over the past year. 112 user reviews. Read our reviews

Members of the The Finance & Leasing Association

FLA logoThe Finance & Leasing Association is the leading trade body for the motor finance, asset finance and consumer credit industries in the UK.

Socialise

Feeling social? Check out our social pages!

Tweet us on Twitter
Like us on Facebook
Pin us on Pinterest
Add us on Google+

Our Address

Evolution Money,
9 Portland Street,
Manchester,
M1 3BE


Registered Company Number: 06987852

Contact by Phone

General Enquiries:
0161 814 9158

Complaints:
0161 814 9165

Contact by Email

Evolution Money Limited is a licensed credit broker and service provider to Evolution Lending Limited. If your application doesn’t meet the underwriting requirements of Evolution Lending Limited we may pass your information to other lenders and brokers. Evolution Money Limited is a company registered in England & Wales, registration number 06987852 and registered at 8 St John Street, Manchester, M3 4DU. Authorised and regulated by the Financial Conduct Authority, firm reference number 708324.

© 2018 Evolution Money | Privacy Policy | Cookies | Complaints Policy | Breaking Down Our Loans | Terms & Conditions
Apply Online
I want to borrow £


You will receive a call today to continue with your application.
Thank you for taking the time to fill in our online enquiry form. Unfortunately in this instance we won't be able to help as being a homeowner is one of our primary requirements.
Start Here
Please wait

Please wait

Don't leave just yet!

Evolution Money are a multi Award Winning UK finance company with thousands of happy customers!

Award Winning

Our friendly loan advisors can let you know if you're eligible for a loan without affecting your credit score. Why not give us a call today!

Freephone 0800 144 8188

Back to Evolution