8,274 companies formed

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

Tyne and Wear drops 2 places in league table despite record year for company formations

More companies were formed in Tyne and Wear 2023 than in any previous year – 8,274 – but the county lost out to Cambridgeshire and Dorset to fall 2 places in the national league table of company formations. 8,274 new businesses were incorporated in Tyne and Wear in 2023 versus 7,838 in 2022 – giving a growth of 5.6% in formations. Overall company numbers grew by 3.4%, bringing the new total to 53,391. Tyne and Wear currently sits at 30th in the national company formations county league table.

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