Accessibility links

2024 could see 'record number' of company creations

22 Aug 2024

Research published by data provider Beauhurst and NatWest has suggested that the UK is on track for a record number of new company creations.

During the first half of 2024, there were 468,000 new business incorporations in the first half of 2024. This represented a 6% rise when compared to last year, the research showed.

Should this continue, Beauhurst and NatWest predict the annual total for company creations could surpass 879,000. The data also showed that there are now around 5.47 million active and dormant companies in the UK.

In the first half of 2024, London experienced the most incorporations of any region of the UK.

Henry Whorwood, Managing Director at Beauhurst, commented: 'Certain aspects of the economy are firing on all cylinders. UK entrepreneurs are still starting lots of new businesses. This may mark the beginning of a new normal with higher rates of entrepreneurship in the UK economy than known previously.'

Home | Contact us | Site map | Accessibility | Disclaimer | Help |

© 2025 Penn Management Services. All rights reserved. | Company Number: 03655701

Penn Management Services, 1 & 2 Heritage Park, Cannock, Staffordshire WS11 7LT
We use cookies on this website, you can find more information about cookies here.

In accordance with the disclosure requirements of the Services Regulations 2009, our professional indemnity insurer is Allied World Assurance Company (Europe) Limited, of 20 Fenchurch Street, 18th and 19th Floors, London EC3M 3BY. The territorial coverage is worldwide excluding professional business carried out from an office in the United States of America or Canada and excludes any action for a claim brought in any court in the United States of Amercia or Canada.

We are registered to carry on audit work in the UK by the Institute of Chartered Accountants in England and Wales and details about our audit registration can be viewed at www.auditregister.org.uk, under reference number C008875364.