he latest Companies House data, as analysed by the Centre for Entrepreneurs (CFE), shows that business formations recovered from a drop in 2017 to reach a record 663,272 in 2018.

“It is encouraging to see formation numbers recover and hit a new high,” says Matt Smith, director of the Centre for Entrepreneurs. “These figures demonstrate the resilience and confidence of entrepreneurs across the country, confirmed by a 5.7% increase of business registrations and the strengthening of London as Europe’s leading startup hub.”