19,601 companies formed

UK  780,766 companies formed in the UK in total View national statistics

Wales builds on a growing trend registering a record high number of new businesses

Wales saw over 19,000 companies formed in 2020. Despite everything that happened during the year, it still saw 6.9% more companies than 2019.

There was a positive response across the country as numbers of dissolutions dipped and incorporation numbers grew. Cardiff incorporated a majority forming 4,036 new businesses. Find out more from the breakdown below.

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