More new firms as insolvency rates fall

This year has seen the largest number of new company establishments since 2007, with further falls in insolvency rates also noted.

New figures from business intelligence provider Vision-net show that 12,890 companies were established during the first nine months of 2014 — the highest rate for seven years and a 12% increase on the same period last year.

When all start-ups are measured — taking in companies and sole trader businesses — 32,277 have been established so far this year, 3% more than in the first nine months of 2013.