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19 June 2014 0 Comments
Posted in Corporate & Commercial, Opinion

Silicon Roundabout Popular Amongst Entrepreneurs

Posted by , Partner

Over recent months, reports have suggested that the area of London affectingly known as “Silicon Roundabout” is mushrooming with a number of businesses launching in the area; which is having the added benefit of boosting the local and national economy.

Now, additional figures have revealed that the area was the most popular area within the UK for businesses to launch, during the year to March.

According to the latest figures, which were published earlier this month, 15,620 businesses launched within “Silicon Roundabout”, three times as many than launched in the UK’s second-most popular area for start-ups; London’s SE1 region.

It is the second consecutive year that “Silicon Roundabout” has experienced the largest number of start-ups launching; and has led to the area being described as a “lightning bolt for entrepreneurs”.

However, it is not just new businesses within the area which are proving beneficial for the local and national economy; with one business which is considered to be a product of “Silicon Roundabout” being the first to launch on AIM.

The 10 year old music streaming and download provider, known as 7Digital, recently launched on AIM – becoming the first business from “Silicon Roundabout” to go public – and on its first day saw its share price rise from 0.5p to 33p; after its management unveiled details of a range of new deals.

Whilst the latest reports have revealed that “Silicon Roundabout” is continuing to grow and become a popular area for start-ups; for those looking to start a new adventure by starting their own business – whether in the tech sector or other sectors – our commercial and corporate lawyers at Royds can assist by providing tailored legal advice.

Our solicitors in London provide a comprehensive service for business start-ups, including advising on complying with statutory requirements; corporate structures, the terms and conditions of start ups, employment law; securing the start up’s intellectual property; partnership agreements, finance and investment.

To find out how we can help you, if you’re looking to start your own business please contact Claus Andersen, Partner in Corporate and Commercial or John North, Head of Corporate and Commercial on 020 7583 2222.

 

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