6,136 companies formed
805,141 companies formed in the UK in total View national statistics
A drop in new company incorporations in West Sussex during 2022 stunts overall growth in the county.
Whilst West Sussex saw a substantial 6,136 new business formed in 2022, disappointingly this was actually a decrease on 2021 which saw 6,463 new businesses opening. This amounts to a modest growth rate of just 2% – somewhat below the UK average of 4.6%.
That said, it isn’t all bad news – with the number of businesses that ceased trading in the county sitting at 5,240, this follows the national trend falling by 5.4% on 2021 meaning that the total number of companies registered in West Sussex grew to a record high 58,763.
If you want to register a company in West Sussex you’ll find our simple company formation service really helpful.