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Small Businesses

Volume 905: debated on Tuesday 17 February 1976

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asked the Secretary of State for Trade how many small businesses were registered for the first time in each of the past five years.

There is no register of "small businesses" as such. Firms not incorporated under the Companies Act are required to register under the Registration of Business Names Act 1916 only if they are not operated under the true name or names of the proprietor or proprietors. These are not necessarily "small businesses" since they include partnerships of, for example, solicitors, accountants or stockbrokers. New registrations under the Companies Acts disclose the amount of capital the company is authorised eventually to issue, but this amount may be greatly in excess of the value of the working capital intended to be raised during the early years of the company's existence.Taking account of the above reservations the numbers registering during the last five years in Great Britain, respectively under the RBN Act and under the Companies Acts, with a nominal capital not exceeding £100 were as follows:

Registered Business NamesRegistered Companies
197178,72826,295
197295,70640,492
1973104,82552,288
197491,29926,091
197595,33328,337
£'000
Birmingham*Carlisle†Glasgow*Manchester*Orkneys‡Totals
1965–6619132223
1966–672203,500303,750
1967–6816250540752
1968–6918018816384
1969–704078118
1970–71132336
1971–725454
1972–73172172
1973–7439598
1974–75563968
1975–76(to January 1976)171422
* Grants payable under agreements providing for the transfer of the aerodromes from the Government to local authorities.
† Grants payable under section 12 of the Civil Aviation Act 1968.
‡ Grants payable under section 1(1) of the Civil Aviation Act 1949.
In addition, some airports have been reimbursed for aerodrome security costs.