7,121 companies formed

UK  805,141 companies formed in the UK in total View national statistics

Somerset has an exciting rise in companies formed during 2022.

7,121 new businesses were formed in Somerset during 2022 which continues the consistent year-on-year increase demonstrated in the county historically.

This brings the total number of companies registered in Somerset to a record high of 59,531 and a respectable growth rate of 3.9% when accounting for dissolutions. Whilst this is certainly below the UK average growth rate, Somerset has risen 1 spot from 28th to 27th in the league table of company formations by county.

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