Business

UK Start-ups Reach Record High with Nearly 1 Million New Companies in 2023

30/08/2024

As company registrations approach 900,000, corporate service providers like Jestiyon are increasingly crucial in driving innovation and supporting talented entrepreneurs, essential for the future of the UK economy. Jestiyon offers advanced services to streamline operations for international entrepreneurs entering the UK market.

The UK’s business landscape has hit new heights, with a record 5.31 million active companies and 900,000 new businesses registered in 2023 alone. This surge in entrepreneurship has led to an unprecedented demand for comprehensive business support services. Jestiyon, a leading provider of corporate services, is at the forefront, offering tailored solutions to assist international entrepreneurs in navigating the complexities of the UK market.

Jestiyon’s range of services, including company formation, accounting, and e-commerce consultancy, is designed to ensure a smooth market entry and ongoing compliance with UK regulations. These offerings are particularly beneficial for foreign entrepreneurs who may find the UK’s legal and regulatory environment challenging.

By providing these vital services, Jestiyon not only supports business operations but also contributes significantly to the UK economy through job creation, tax revenues, and increased business activity.

Positive economic impact and future growth

A recent report from NatWest and Beauhurst highlights the dynamic nature of the UK’s business environment, underscoring the critical role that corporate support services play in sustaining this growth. Jestiyon’s innovative platform simplifies the process of starting and running a business in the UK, ensuring that international entrepreneurs can focus on growth rather than administrative hurdles.

The services provided by companies like Jestiyon are vital to the UK’s economic fabric. New Businesses established with the help of these services provided by Jestiyon contribute an estimated £800,000 in tax revenues annually, a figure poised to grow as more entrepreneurs take advantage of these offerings. Moreover, the sector not only directly creates jobs within service firms but also indirectly supports employment in the start-ups it helps to establish.

Facilitator for the establishment of over 1000 businesses

Jestiyon exemplifies the growth potential within this sector. To date, the company has facilitated the establishment of over 1000 nearly 400 businesses in the UK, integrating innovative features such as online document management and e-commerce integration to enhance client success rates. Ardıç Dağ, Co-Founder of Jestiyon, plans to expand operations further by establishing a dedicated UK centre, offering direct counselling and support to clients, thereby driving even greater economic contributions.

“Our mission at Jestiyon is to simplify the journey for international entrepreneurs entering the UK market. By providing an integrated platform that addresses everything from company establishment to compliance and e-commerce consultancy, we empower businesses to focus on innovation and growth. While we take care of the paperwork, entrepreneurs can dedicate their time and energy to growing their businesses and contributing positively to their communities,” he commented.

Top destination for global business start-ups

“The UK government’s ongoing initiatives to support small and medium-sized enterprises (SMEs) and start-ups will further bolster this sector, ensuring that the UK remains a top destination for global business start-ups.

The future of corporate support services in the UK looks bright. As global markets become increasingly interconnected, the demand for integrated digital solutions, like those offered by Jestiyon, is expected to rise,” he added.

byRoger Bishop

Published August 30, 2024