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Number of companies in Suffolk passes 40,000 for first time

Latest figures show that Suffolk is now home to more than 40,000 companies for the first time – despite the considerable challenges posed by the Coronavirus pandemic.

Currently registered in the county are 40,710 businesses according to company secretarial software specialists Inform Direct, based on statistics from Companies House and the Office for National Statistics.

Leading the way are Ipswich (7,574), followed by St Edmundsbury (6,557) and   Suffolk Coastal (6,425).

The milestone announcement follows Suffolk’s success in 2020 when it hit a record high for company formations for the third year in a row, with 5,105 new businesses established.

John Korchak of Inform Direct
John Korchak of Inform Direct

John Korchak, Director of Operations at Inform Direct said: “It is excellent news to see that Suffolk has passed this significant milestone and demonstrates that the county continues to provide a supportive environment for new business ventures.

“Entrepreneurs highlight a number of factors that make Suffolk a good location for business including its cost-effectiveness and easy access to London. It also offers a good quality of life which will appeal to potential employees, with miles of open countryside and an attractive coastline.”

Inform Direct’s award-winning company secretarial software, which helps users throughout the life of their business, currently supports more than 200,000 companies.

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