38,926 companies formed

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

Scotland achieves 3.5% growth in company numbers in 2023

38,926 companies were formed in Scotland in 2003, a strong performance by Scotland’s entrepreneurs that saw it end the year with 3.5% more companies registered within its borders than at the same time in 2022.

Glasgow powered ahead in its customary first place with 9,064 new companies formed, a big increase on last year’s 7,323. Edinburgh was slightly up on company formations with 5,860 in 2023 versus 5,491 in 2022. 3rd, 4th and 5th places were South Lanarkshire, North Lanarkshire and Fife with 2,216, 1,985 and 1,689 new businesses created respectively.

Our infographic of 2023 company incorporation activity in Scotland 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 Scotland, you’ll find our simple online company registration service helpful.