30,315 additional companies were registered in February 2022

30,315 additional companies were registered in February 2022 relative to February 2019. 22,316 more company registrations are noticed in February 2022 relative to February 2020. 1,516 fewer company registrations are noticed in February 2022 relative to February 2021.

Highlights

1. Business creation increased 2.68% between January 2022 and February 2022.
2. Business creation was 51% higher in February 2022 than in February 2020 and 2% lower in February 2022 than in February 2021.
3. The largest number of company registrations occurs in ‘Wholesale and retail trade; repair of motor vehicles and motorcycles’ and ‘Public administration and defence; compulsory social security’.

We analyse Companies House “basic company data” up to 28 February 2022. We note more company registration relative to January 2022. The firm creation among active firms remains stronger than the same period in 2019 and 2020, but similar than the same period in 2021.

Rolling average of firm creation in the UK

The chart below shows the rolling average of firm creation since January 2019. Shaded areas correspond to lockdown periods as shown our key dates timeline.

Read the report here.