New company formations set to grow in the coming year

Our society is a breeding ground for innovation. In normal circumstances, this innovation comes in routinely and methodically, but in times of crisis, the demand for innovation and adaptation is accelerated. This is exactly what we’ve seen in lieu of the pandemic in the form of pharmaceuticals, biotech and even online retail. However, the pandemic has also forced many businesses that were unable to adapt to close their doors permanently. Although this resulted in a tragic loss of jobs and financial security for thousands, there is a small silver lining on the horizon. The collapse of many of these companies has created huge gaps in the post-pandemic market and, with the end of lockdown in sight for the UK, this is going to result in the new company formations looking to fill those gaps left behind.

In the last year alone, under 785,000 company formations took place during the pandemic in the UK with this number set to rise over the coming years. This is fantastic news for B2B companies especially, as new businesses mean many more opportunities to snag potential clients. For any businesses looking to provide B2B services or products, this uptick could be the key to post-pandemic salvation.

However, now that there are hundreds of thousands of new companies to choose from, how exactly can businesses go about deciding which of these companies would be viable to do business with, and which would be a waste of time and resources pursuing? Or, on the other hand, how can these newer small businesses find potential clients to offer their services or products to? Well, the solution to this problem could reside with the DataGardener database.

DataGardener provides businesses with access to a database that contains information on every company within the UK. This information can range from the all-important financial data to the interactions that each business has with other businesses. You can even find data on shareholding information or the track record of a CEO of interest. Despite this, DataGardener’s crowning achievement isn’t its breadth of information, but the tools that are provided to help you deal with this information. Evaluating the B2B potential of thousands of companies is a daunting task, but DataGardener makes this process as painless as possible. You can filter search results by countless parameters, meaning that you’ll never have to waste your time looking at companies that just don’t fit the conditions that you’re looking for.

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