Written by According to the UK’s Office of National Statistics the UK five-year survival rate for businesses born in 2011 and still active in 2016 was 44.1%. This is less than half of all start-ups…but it need not be so.
The ONS site goes on to state:
“By region, the highest five-year survival rate was in the South West, at 47.0%, while the lowest was in London, at 41.7%.
By broad industry, some notably high five-year survival rates include health, with a survival rate of 54.1% and property, with a survival rate of 51.1%. Accommodation and food services were the lowest, with only 34.6% of businesses surviving for five years.”
Infinity offer business plans and financial modelling to enure your start-up is not just a statistic. See our site today or contact us using the form below.
