Half million new businesses begin trading in 2013

Invoice finance can be used by new starts to help smooth over cashflow in the early months of trading

Britain is on track to see more than 500,000 new start businesses begin trading in 2013, according to the latest research.

So far more than 397,000 businesses have been started this year, which, if current trends continue, will see more than 520,000 by the end of 2013.

Emma Jones of Start-Up Britain, commissioners of the research, said: “These figures are raw, they are unaudited, but what they are telling us is that there has been more growth in start-up rates.”

In 2012, 480,000 new start businesses were formed, whilst 2011 saw the foundation of 440,000, showing a significant year-on-year increase on new businesses setting up over the last few years.

New start businesses can give their finances a sustainable boost through the use of invoice finance facilities, such as factoring and invoice discounting, which quickly release cash in unpaid invoices.

Here at Skipton Business Finance, we have a 13 year history of success, dealing with fledgling businesses across a variety of sectors and helping them to improve their cashflow.

Why not find out more about how SBF can help new start businesses with invoice finance, or alternatively call us on 01756 694933 for a friendly chat and no obligation quote.