23% higher business creation during lockdown-III

19,512 additional companies were registered in January 2021 relative to January 2019. The median daily registrations during lockdown-III is 23% higher than during lockdown-I and 4% lower than during lockdown-II.

Highlights

1. Business creation increased 8.93% from December 2020 to January 2021.
2. Business creation was 13.46% higher in January 2021 compared to January 2020.
3. The median daily registrations during lockdown-III is 23% higher than during lockdown-I and 4% lower than during lockdown-II.
4. There is more firm creation in nearly every sector of the economy in January 2021 compared to January 2020 or 2019. The one exception is Accommodation and Food.

We analyse Companies House “basic company data” up to the January 31st, 2021. We find that business creation increases by 8.93% since December 2020. Business creation was 13.46% higher in January 2021 compared to January 2020. There is more firm creation in nearly every sector of the economy in January 2021 compared to January 2020 or 2019. The one exception is Accommodation and Food.

Read the report here.