It’s a fantastic milestone, and great news for the British economy.
Small businesses are the backbone of the UK economy, driving growth, opening new markets and creating jobs therefore their contribution is vital. They encourage competition and bring fresh ideas that challenge the status quo. This stimulus in turn incentivises others to adapt. Simply put, small businesses are good for the UK.
If you have a dream or vision of being in business you too can register your business with Companies House and become a limited company. Before you rush into any decision, however, we would recommend you seek specialist advice as the limited company vehicle option may not suit your circumstances and perhaps a sole trader or partnership route may be more suitable for you.
For an informal chat and a cup of coffee, please call Gillian Niven on 01324 441280 or email gillian.niven@drummondlaurie.co.uk