The number of small business entrepreneurs in the UK has leapt by 117 per cent in the last five years, according to Experian. The massive growth in one or two man band businesses has fuelled a 41 per cent increase in the total number of companies in the UK.

Experian’s business data also shows that these small businesses over the last five years have also managed to maintain the lowest insolvency rate and second healthiest financial strength score compared to other types of businesses.