Translate this site

enzh-CNzh-TW

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.
1 minute reading time (257 words)

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.
 

Contact Us

For expert legal advice on starting a business, or other areas of commercial and corporate law, then contact our specialist commercial lawyers today.
Warning Over Impact of Brexit on Family Law
Willingness to Commute can Reduce Housing Costs

Online Enquiry

  1. Name(*)
    Please let us know your name.
  2. Email(*)
    Please let us know your email address.
  3. Daytime Tel. No.
    Please enter your daytime telephone number.
  4. Subject(*)
    Please write a subject for your message.
  1. Message(*)
    Please let us know your message.
  2. Please tick below for antispam verification (*)
    Invalid Input

Latest News

18 September 2018
Estate Agency
Scotland’s First Minister Nicola Sturgeon has detailed the Scottish government’s Programme for Scotland 2018/19 plans which include investing £7bn in building projects and creating a non-domestic business rates bill.The plans would result in the gove...
12 September 2018
Family Law
In a recent court case, mother of four Siobhan McLaughlin applied for widowed parent’s allowance to support herself and children following the death of her partner, John Adams, in 2014. Her application was initially rejected by the Northern Ireland D...
28 August 2018
Commercial
The Government has published new corporate governance reporting requirements for private companies and unlisted plcs in the UK.Under the new requirements, all private companies and unlisted plcs with more than 250 UK group employees must disclose how...
21 August 2018
Family Law
A British court has recognised Sharia law for the first time after a judge made a landmark divorce ruling which could change the way Islamic marriage and divorce works in the UK.Nasreen Akhter and Mohammed Shabaz Khan had married 20 years ago but onl...
13 August 2018
Estate Agency
Under new draft laws, overseas companies that own or buy property in the UK will be required to provide details of their true owners on a public register.The new legislation is part of a wider crackdown on money laundering in the property sector and ...
10 July 2018
Commercial
The UK equity finance market for smaller businesses has bounced back to record highs in 2017, following a decline in 2016, the British Business Bank’s fourth annual Small Business Equity Tracker report has revealed. ...

As featured in

Latest Tweets

Connect with us

     

Recent Client Comments