new businesses

Creation of new businesses plummets to eight-year low

24th February 2025 Commercial Credit Management | #new businesses

The dynamism of the UK’s private sector has plunged to its lowest ebb for eight years as bigger firms hit the rocks and new company creation according to research by Cynergy Bank. The Bank’s research draws on latest ONS data finding that in 2024, new company formations plummeted to 306,995, the lowest since at least…

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new businesses

Creation of new businesses plummets to eight-year low

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