Number of businesses closing down in Hertfordshire during 2022 stunts overall growth.

With 13,643 new companies being formed in Hertfordshire during 2022, the county maintains an impressive 8th position on the new incorporation league table. Despite this, growth was limited to just 2.8% – this is largely due to the number of companies closing down which sits at 11,771 for the year.

That said, the number of companies in Hertfordshire per 1000 people sits substantially above the national average at 109.1 with a record high  122,123 companies registered in the county.

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