London's limited company hotspots revealed
Southwark, London Bridge and Waterloo are the UK capital's limited company hotspots, a new report has revealed.
Flexioffices has published an analysis of the most popular places in London for entrepreneurs to set up their own business ventures, finding that premises covered by the SE1 postcode are home to a particularly high concentration of limited company contractors and freelancers.
Some seven per cent of all small businesses in London are currently based in this area, which is likely due to its good transport links and high footfall, meaning clients and customers can easily reach the services of any limited companies established in the Southwark, London Bridge and Waterloo boroughs.
Ventures specialising in business and financial services, media, IT, the legal sector, property, and health and wellbeing were found to be particularly popular in SE1, while the second biggest limited company hotspot in the capital was the NW1 postcode, which encompasses the Kings Cross and Euston areas. Here, 3.76 per cent of London's small businesses can be found.
Meanwhile, the area surrounding EC2A (Liverpool Street) was also found to be popular among entrepreneurs, something that is again likely to be due to its good transport links and easy accessibility. In total, 3.57 per cent of the capital's limited companies and other small business ventures can be found in this locality.
Fourth on the list was the EC2M postcode, which encompasses up-and-coming parts of London including Shoreditch and Old Street, where a growing number of start-ups are cropping up. This area was found to be home to 3.14 per cent of the city's limited companies.
The diversity of the locations that make up London's prime limited company hotspots demonstrates that start-ups can get off the ground anywhere with the right support and market.
Paul Slinn, managing director of Flexioffices, commented: "There are numerous considerations that business owners, managing directors and entrepreneurs must address when choosing where to position their business.
"Location can make a strong statement about how a business wishes to be perceived to potential clients and partners."