3,074 companies formed

UK  900,006 companies formed in the UK in total View national statistics

Company formations in Cornwall reach a record high

Not only were there more companies in Cornwall at the end of 2023 than ever before, but the county also saw a record number of new companies formed: 3,074 versus 2,912 the previous year. This brings the total number of companies to an all-time high of 26,998.

Company formation activity is unsurprisingly lower than the national average in Cornwall: 5.7 new incorporations per 1,000 people versus 14.2 nationally. Cornwall stands 42nd of all English counties in total companies, and for a largely rural and remote county that is to be expected. However in percentage growth of company numbers, Cornwall sits at around the national average.

Our infographic of 2023 company incorporation activity in Cornwall gives further details about companies formed in the county during the year and how it compares with the performance of other counties in England.

If you’d like to start a new company in Cornwall, you’ll find our simple online company registration service helpful.