7,057 companies formed

UK  771,617 companies formed in the UK in total View national statistics

Somerset continues impressive 10-year pattern of continuous growth.

With a noteworthy 7,057 new companies formed in Somerset in 2021 the county achieves a respectable growth rate on 2020 of 4%, ever so slightly above the national rate of 3.5%, albeit not quite competing with the preceding couple of years. Whilst certainly an achievement, the number of new incorporations could be considered slightly disappointing when considering this is only 7.8 per 1000 people – below the national average of 12.2.

In addition to this, 5,667 existing companies closed down. This is a record high for Somerset and an increase of 45.34% on the preceding year.

Take a look at our infographic which examines company start-up activity in Somerset in 2021. As well as summarising the area, our analysis breaks down performance by borough and even looks at individual wards.

If you want to register a company in Somerset, you’ll find our simple company registration service helpful.