6,825 companies formed
771,617 companies formed in the UK in total View national statistics
Number of businesses based in Devon reaches all-time high
Devon continued to demonstrate growth with the total number of companies registered in the county increasing by 4.8% to a new high of 60,022 businesses at the end of 2021. Putting in a stronger performance than annual growth nationally (which was 3.5%) meant that Devon moved up one place to 18th in the league table of total companies per county.
However, whilst 6,825 new companies were setup in Devon in 2021, this achievement was somewhat undermined by the number of established companies that closed their doors over the year. A record 5,551 businesses ceased trading in Devon in 2021, up 39% on the previous year.
Browse our infographic below for a full analysis of 2021 company startup activity in Devon.
If you want to start a new company in Devon, our company formation service is flexible and easy to use.