New Planning Laws Boost Company Formations

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Since the announcement of new planning laws, there has been a boom in new company formations for “planning” businesses, according to formations agents Duport Associates Ltd.

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New planning laws mean new opportunities – and that will always lead to new companies

A record 76 new companies were formed in March 2012 using the word “planning” as part of the company name, using information gathered from the official records from Companies House and compiled by Duport Associates.

New “planning” companies could include firms created to make the most of changes to planning regulations, which were formalised in March by the coalition government.

The controversial new planning laws have been welcomed by some, but branded a “developers charter” by others. But whilst opinion is divided over possible regeneration of town high streets or unpopular developments against residents’ wishes, it is clear that entrepreneurs across the UK are seeing this as an opportunity.

“New planning laws mean new opportunities – and that will always lead to new companies,” said Duport Associates’ Managing Director, Peter Valaitis.

The other major industry which often utilises the term “planning” is of course the financial industry. From wills to wealth management, planning is a major aspect of a lot of financial services.

“It would be unsurprising to see a boost in the financial planning industry at this time,” stated Peter Valaitis, “this month we’ve already seen record highs for the number of bookkeeping and accountancy firms formed, so it stands to reason that the entire financial sector is experiencing a boom.”

“With the budget in April, it seems that this has a large effect on the number of financial companies formed in March, as all three of these popular terms have hit record highs in March – not just this year, but in previous years too.”

New planning regulations and an increase in interest in the financial sector could be the driving force behind the new record high of “planning” companies formed in the UK in March.

Duport Associates Ltd is a leading UK company formation agent, operating in the UK for around 15 years. Duport registers around 10,000 new companies each year using its Companies House approved software. The Company Register which is maintained by Companies House contains public information about Limited companies and directors.

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Peter Valaitis