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Company Formations in 2023: Cornwall

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???? Businesses formed in Cornwall during 2023

4.4% more companies in Cornwall compared to 2022

New businesses in Cornwall mapped

Cornwall 3,058 formed

Dorset 8,565 formed

Somerset 6,531 formed

Devon 7,183 formed

Companies formed in 2023 league table

The counties in England where most companies are formed, and how Cornwall compares.

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Rank
County
No. Companies formed
Rank County No. Companies formed
1st 2022: 1st
London
313,446
2nd 2022: 2nd
West Midlands
44,594
3rd 2022: 3rd
Greater Manchester
41,222
4th 2022: 4th
West Yorkshire
24,534
5th 2022: 5th
Essex
20,333
42nd 2022: 43rd
Cornwall
3,074
Rank
County
No. Companies formed
Rank County No. Companies formed
23rd 2022: 19th
Dorset
8,565
28th 2022: 29th
Devon
7,183
32nd 2022: 27th
Somerset
6,531
42nd 2022: 43rd
Cornwall
3,074
Rank
County
No. Companies formed
Rank County No. Companies formed
1st 2022: 1st
London
313,446
2nd 2022: 2nd
West Midlands
44,594
3rd 2022: 3rd
Greater Manchester
41,222
4th 2022: 4th
West Yorkshire
24,534
5th 2022: 5th
Essex
20,333
6th 2022: 6th
Kent
17,620
7th 2022: 7th
Hampshire
15,385
8th 2022: 8th
Hertfordshire
14,512
9th 2022: 9th
Merseyside
14,307
10th 2022: 10th
Lancashire
14,223
11th 2022: 12th
Surrey
12,018
12th 2022: 11th
South Yorkshire
11,638
13th 2022: 13th
Leicestershire
11,417
14th 2022: 14th
Berkshire
10,571
15th 2022: 15th
Cheshire
9,952
16th 2022: 17th
Buckinghamshire
9,591
17th 2022: 16th
Nottinghamshire
9,559
18th 2022: 20th
North Yorkshire
9,266
19th 2022: 18th
Bedfordshire
9,025
20th 2022: 30th
Suffolk
8,934
21st 2022: 21st
Staffordshire
8,878
22nd 2022: 25th
Cambridgeshire
8,677
23rd 2022: 19th
Dorset
8,565
24th 2022: 22nd
Tyne and Wear
8,274
25th 2022: 23rd
Northamptonshire
8,191
26th 2022: 24th
Derbyshire
7,528
27th 2022: 26th
East Sussex
7,311
28th 2022: 29th
Devon
7,183
29th 2022: 28th
Lincolnshire
7,141
30th 2022: 31st
Gloucestershire
6,902
31st 2022: 32nd
West Sussex
6,678
32nd 2022: 27th
Somerset
6,531
33rd 2022: 34th
Norfolk
5,723
34th 2022: 35th
Durham
5,696
35th 2022: 38th
Oxfordshire
5,446
36th 2022: 33rd
Warwickshire
5,157
37th 2022: 36th
Bristol
5,050
38th 2022: 39th
Wiltshire
4,965
39th 2022: 37th
Worcestershire
4,808
40th 2022: 40th
East Riding of Yorkshire
4,211
41st 2022: 41st
Shropshire
3,480
42nd 2022: 43rd
Cornwall
3,074
43rd 2022: 44th
Cumbria
2,686
44th 2022: 42nd
Herefordshire
2,540
45th 2022: 45th
Northumberland
1,554
46th 2022: 46th
Isle of Wight
757
47th 2022: 47th
Rutland
232

New incorporations in 2023 per 1000 Man standing people

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In Cornwall

5.7

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National Average

14.2

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Type of companies formed in Cornwall breakdown

93% Private Limited Companies (2,860 companies)

7% Other company types (214 companies)

Other company types breakdown (214 companies)

Total companies in Cornwall by the end of 2023

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Businesses formed in Cornwall during 2023

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Businesses dissolved in Cornwall during 2023

meaning there is a total of

26,998

businesses registered in Cornwall at the end of 2023.

4.4% more companies in Cornwall compared to 2022

Surrounding counties 2023 breakdown & comparison

Dorset

63,266 total businesses
8,565 formed in 2023
7,339 dissolved in 2023

Somerset

60,186 total businesses
6,531 formed in 2023
6,028 dissolved in 2023

Devon

63,364 total businesses
7,183 formed in 2023
6,148 dissolved in 2023

Cornwall

26,998 total businesses
3,074 formed in 2023
2,287 dissolved in 2023

CornwallDevonDorsetSomerset

Ward breakdown data for

Ward
Dissolutions
Incorporations
Net Change
Ward Dissolutions Incorporations Net Change
Altarnun
11
11
0
Bodmin St Leonard
22
41
19
Bodmin St Mary's
4
6
2
Bodmin St Petroc
26
43
17
Breage Germoe and Sithney
17
16
-1
Bude
34
52
18
Bugle
14
29
15
Callington
17
29
12
Camborne Pendarves
6
15
9
Camborne Roskear
8
11
3
Camborne Trelowarren
23
34
11
Camborne Treslothan
11
13
2
Camborne Treswithian
57
12
-45
Camelford
18
17
-1
Carharrack Gwennap and St Day
17
34
17
Chacewater Kenwyn and Baldhu
34
60
26
Constantine Mawnan and Budock
13
29
16
Crowan and Wendron
22
20
-2
Falmouth Arwenack
25
26
1
Falmouth Boslowick
11
18
7
Falmouth Penwerris
13
27
14
Falmouth Smithick
35
65
30
Falmouth Trescobeas
10
21
11
Feock and Playing Place
18
25
7
Four Lanes
7
26
19
Fowey and Tywardreath
19
23
4
Grenville and Stratton
11
28
17
Gulval and Heamoor
9
12
3
Gunnislake and Calstock
14
13
-1
Gwinear-Gwithian and St Erth
13
12
-1
Hayle North
13
31
18
Hayle South
11
19
8
Helston North
12
16
4
Helston South
32
49
17
Illogan
10
13
3
Ladock St Clement and St Erme
17
18
1
Lanivet and Blisland
16
20
4
Lanner and Stithians
14
20
6
Launceston Central
23
34
11
Launceston North and North Petherwin
11
16
5
Launceston South
13
11
-2
Lelant and Carbis Bay
15
18
3
Liskeard East
19
27
8
Liskeard North
13
11
-2
Liskeard West and Dobwalls
8
16
8
Looe East
13
18
5
Looe West Lansallos and Lanteglos
32
31
-1
Lostwithiel
16
33
17
Ludgvan
18
25
7
Lynher
14
15
1
Mabe Perranarworthal and St Gluvias
60
49
-11
Marazion and Perranuthnoe
11
10
-1
Menheniot
13
17
4
Mevagissey
13
34
21
Mount Charles
38
31
-7
Mount Hawke and Portreath
22
28
6
Mullion and Grade-Ruan
5
11
6
Newlyn and Goonhavern
24
19
-5
Newlyn and Mousehole
13
10
-3
Newquay Central
54
92
38
Newquay Pentire
17
41
24
Newquay Treloggan
12
12
0
Newquay Tretherras
23
36
13
Newquay Treviglas
11
23
12
Padstow
14
19
5
Par and St Blazey Gate
13
16
3
Penryn East and Mylor
28
50
22
Penryn West
16
30
14
Penwithick and Boscoppa
19
18
-1
Penzance Central
32
60
28
Penzance East
10
16
6
Penzance Promenade
5
14
9
Perranporth
81
28
-53
Pool and Tehidy
11
25
14
Porthleven and Helston West
14
25
11
Poundstock
14
23
9
Probus Tregony and Grampound
15
23
8
Rame Peninsular
13
24
11
Redruth Central
22
34
12
Redruth North
18
33
15
Redruth South
10
17
7
Roche
17
20
3
Roseland
10
20
10
Saltash East
32
36
4
Saltash North
41
28
-13
Saltash South
4
13
9
Saltash West
8
12
4
St Agnes
21
23
2
St Austell Bay
20
14
-6
St Austell Bethel
14
11
-3
St Austell Gover
25
40
15
St Austell Poltair
15
14
-1
St Blazey
21
8
-13
St Buryan
12
10
-2
St Cleer
21
18
-3
St Columb Major
11
35
24
St Dennis and Nanpean
14
22
8
St Dominick Harrowbarrow and Kelly Bray
7
16
9
St Enoder
18
23
5
St Germans and Landulph
14
20
6
St Issey and St Tudy
13
22
9
St Ives East
32
24
-8
St Ives West
13
26
13
St Just In Penwith
12
24
12
St Keverne and Meneage
13
25
12
St Mawgan and Colan
26
30
4
St Mewan
9
14
5
St Minver and St Endellion
9
17
8
St Stephen-In-Brannel
12
8
-4
St Teath and St Breward
6
12
6
Stokeclimsland
16
26
10
Threemilestone and Gloweth
12
20
8
Tintagel
14
17
3
Torpoint East
7
18
11
Torpoint West
6
12
6
Trelawny
26
20
-6
Truro Boscawen
88
116
28
Truro Redannick
37
45
8
Truro Tregolls
26
44
18
Truro Trehaverne
13
26
13
Wadebridge East
20
19
-1
Wadebridge West
14
33
19

Total companies 2023 league table

The counties in England where the most existing companies were based at the end of 2023 and how Cornwall compares to them.

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Rank
County
Total companies
Rank County Total companies
1st 2022: 1st
London
1,534,936
2nd 2022: 2nd
Greater Manchester
244,408
3rd 2022: 3rd
West Midlands
227,431
4th 2022: 5th
Essex
153,732
5th 2022: 4th
West Yorkshire
153,003
42nd 2022: 42nd
Cornwall
26,998
Rank
County
Total companies
Rank County Total companies
20th 2022: 20th
Devon
63,364
21st 2022: 21st
Dorset
63,266
23rd 2022: 23rd
Somerset
60,186
42nd 2022: 42nd
Cornwall
26,998
Rank
County
Total companies
Rank County Total companies
1st 2022: 1st
London
1,534,936
2nd 2022: 2nd
Greater Manchester
244,408
3rd 2022: 3rd
West Midlands
227,431
4th 2022: 5th
Essex
153,732
5th 2022: 4th
West Yorkshire
153,003
6th 2022: 6th
Kent
133,898
7th 2022: 7th
Hampshire
126,128
8th 2022: 8th
Hertfordshire
122,871
9th 2022: 9th
Surrey
109,469
10th 2022: 10th
Lancashire
95,511
11th 2022: 12th
Merseyside
83,450
12th 2022: 11th
Cheshire
82,175
13th 2022: 13th
Buckinghamshire
78,961
14th 2022: 14th
Berkshire
78,581
15th 2022: 15th
Leicestershire
75,930
16th 2022: 16th
South Yorkshire
73,897
17th 2022: 17th
East Sussex
71,059
18th 2022: 18th
North Yorkshire
65,895
19th 2022: 19th
Nottinghamshire
64,763
20th 2022: 20th
Devon
63,364
21st 2022: 21st
Dorset
63,266
22nd 2022: 22nd
Staffordshire
61,360
23rd 2022: 23rd
Somerset
60,186
24th 2022: 26th
Cambridgeshire
60,023
25th 2022: 24th
West Sussex
59,896
26th 2022: 25th
Gloucestershire
59,830
27th 2022: 27th
Derbyshire
57,297
28th 2022: 28th
Lincolnshire
54,523
29th 2022: 29th
Northamptonshire
53,911
30th 2022: 30th
Tyne and Wear
53,391
31st 2022: 31st
Bedfordshire
52,721
32nd 2022: 34th
Suffolk
51,083
33rd 2022: 33rd
Norfolk
48,437
34th 2022: 32nd
Oxfordshire
48,030
35th 2022: 35th
Worcestershire
45,794
36th 2022: 36th
Warwickshire
43,587
37th 2022: 37th
Wiltshire
42,004
38th 2022: 39th
Durham
37,332
39th 2022: 38th
Bristol
37,161
40th 2022: 40th
East Riding of Yorkshire
30,108
41st 2022: 41st
Shropshire
28,037
42nd 2022: 42nd
Cornwall
26,998
43rd 2022: 43rd
Cumbria
23,719
44th 2022: 44th
Herefordshire
16,164
45th 2022: 45th
Northumberland
12,830
46th 2022: 46th
Isle of Wight
6,580
47th 2022: 47th
Rutland
2,133

Total companies at the end of 2023 per 1000 Person people

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In Cornwall

50.4

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National Average

86.6

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The last 5 years

How the total number of companies in Cornwall has changed over the last 5 years as new companies have been formed and some existing companies dissolved.

2019

2,948 formed

2,121 dissolved

2020

2,951 formed

1,825 dissolved

2021

2,993 formed

2,145 dissolved

2022

2,912 formed

2,045 dissolved

2023

3,074 formed

2,287 dissolved

Overall growth compared to previous year

3.33% vs 2019

3.98% vs 2020

4.46% vs 2021

4.4% vs 2022