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Raeside Chisholm Solicitors

The directors of Raeside Chisholm are experienced solicitors who enjoy a deserved reputation in Glasgow and beyond for personal attention allied to a commitment to outstanding levels of quality legal services. For enquiries, please contact us on 0141 248 3456.

Business Start-ups Sector ‘Thriving’

There were apparently 365,600 private sector businesses (registered & unregistered) operating in Scotland as at March 2017, which is an increase of over 50% since 2000.
 
The figure represents an increase of 11,110 (3.1%) over the year, taking the number of businesses in Scotland to its highest level in the 17 years since the figures were first recorded.
 
The number of these firms that are VAT/PAYE registered is up for the sixth year in a row, by 2,405 (1.4%), from 173,995 in 2016 to 176,400 in 2017 – and is also at a record high.
 
And the estimated number of unregistered businesses (the smallest firms with an annual turnover below the VAT threshold of £83,000 and do not have employees) rose from 180,500 in 2016 to 189,200 in 2017 – an increase of 8,700 (4.8%).
 
“These figures show Scotland’s business scene is thriving, and the rise has been driven in particular by the success of our small business start-ups,” commented Scottish Government Minister for Business, Innovation and Energy, Paul Wheelhouse. “But it is very encouraging to see the growth in the number of VAT registered businesses too.”
 
The Business in Scotland 2017 report shows that the two largest industry sectors were ‘Professional, Scientific & Technical Activities’ (52,985 enterprises) and Construction (45,940 enterprises). Together, these two sectors make up 27% of all private sector enterprises in Scotland.
 

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For expert legal advice on starting a business, or other areas of commercial and corporate law, then contact our specialist commercial lawyers today.
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Latest News

13 December 2017
Raeside Chisholm Solicitors News
Seasons greetings! As the holiday approaches we would like to take this opportunity to inform valued clients and potential new customers of our opening hours and Christmas activities.Christmas and New Year Opening HoursWe will be closed from 1pm on F...
11 December 2017
Commercial
The Financial Reporting Council (FRC) has launched a consultation over proposed changes to the UK Corporate Governance Code. These changes are based on the findings of the Culture Report published by the FRC in 2016.The FRC explains that the amended ...
22 November 2017
Family Law
Three family law organisations, Resolution, the Family Law Bar Association and the International Academy of Family Lawyers, have published a paper highlighting the impact that the slow progress of Brexit negotiations could have on family law in the U...
09 November 2017
Commercial
There were apparently 365,600 private sector businesses (registered & unregistered) operating in Scotland as at March 2017, which is an increase of over 50% since 2000.
08 November 2017
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New research has revealed that rail commuters to Scotland’s two biggest cities are typically financially better off catching the train into the city than living close to their place of work.
25 October 2017
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The Start Up Loans programme has had a positive impact on business start-up rates in the UK, according to a new, independent review....

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