Member Article

Record year for startups in Greater Manchester

Data, compiled by online secretarial service, Inform Direct has shown that 2014 was a record year for company formations in Greater Manchester.

There were more new companies than any area of the UK except London, 25,381 start ups were registered in Greater Manchester throughout the year, compared with a previous best figure of 22,362

The City of Manchester had the most new companies formed with 7,544, however there were also 2,999 new companies in Trafford, 2,639 in Stockport and 2,565 in Salford.

On the other end of the scale, 18, 007 companies dissolved in Greater Manchester in 2014. However this still means that there are 5.4% more companies in Manchester in 2014 compared to 2013.

CEO of Inform Direct, Henry Catchpole, said: “It is great to see an entrepreneurial spirit flourishing.

“There is lots of support out there for fledgling businesses and it seems people are putting their ideas and dreams into action more than ever before.”

This was posted in Bdaily's Members' News section by Sophia Taha .