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Company Formations in 2023: Devon

Man holding pagper

???? Businesses formed in Devon during 2023

2.4% more companies in Devon compared to 2022

New businesses in Devon mapped

Boroughs

  • AEast Devon: 848
  • BExeter: 1,144
  • CMid Devon: 395
  • DNorth Devon: 471
  • EPlymouth: 1,686
  • FSouth Hams: 485
  • GTeignbridge: 801
  • HTorbay: 763
  • ITorridge: 288
  • JWest Devon: 291

Companies formed in 2023 league table

The counties in England where most companies are formed, and how Devon 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
28th 2022: 29th
Devon
7,183
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 Devon

6.3

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14.2

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Type of companies formed in Devon breakdown

93% Private Limited Companies (6,708 companies)

7% Other company types (475 companies)

Other company types breakdown (475 companies)

Total companies in Devon by the end of 2023

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Businesses formed in Devon during 2023

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Businesses dissolved in Devon during 2023

meaning there is a total of

63,364

businesses registered in Devon at the end of 2023.

2.4% more companies in Devon 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

Cornwall

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

Devon

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

DevonCornwallSomersetDorset

Ward breakdown data for

Ward
Dissolutions
Incorporations
Net Change
Ward Dissolutions Incorporations Net Change
Axminster Rural
13
10
-3
Axminster Town
49
31
-18
Beer and Branscombe
8
6
-2
Broadclyst
35
74
39
Budleigh
21
31
10
Clyst Valley
41
55
14
Coly Valley
20
24
4
Dunkeswell
13
11
-2
Exe Valley
7
15
8
Exmouth Brixington
23
19
-4
Exmouth Halsdon
22
28
6
Exmouth Littleham
26
41
15
Exmouth Town
58
87
29
Exmouth Withycombe Raleigh
17
18
1
Feniton and Buckerell
8
11
3
Honiton St Michael's
23
30
7
Honiton St Paul's
41
57
16
Newbridges
9
2
-7
Newton Poppleford and Harpford
6
10
4
Otterhead
7
10
3
Ottery St Mary Rural
18
19
1
Ottery St Mary Town
27
58
31
Raleigh
10
13
3
Seaton
33
70
37
Sidmouth Rural
1
8
7
Sidmouth Sidford
6
10
4
Sidmouth Town
26
24
-2
Tale Vale
9
7
-2
Trinity
10
20
10
Whimple
8
9
1
Woodbury and Lympstone
37
32
-5
Yarty
9
8
-1
Ward
Dissolutions
Incorporations
Net Change
Ward Dissolutions Incorporations Net Change
Alphington
182
295
113
Cowick
8
20
12
Duryard
28
10
-18
Exwick
22
34
12
Heavitree
22
32
10
Mincinglake
11
19
8
Newtown
27
53
26
Pennsylvania
17
14
-3
Pinhoe
26
36
10
Polsloe
15
27
12
Priory
27
36
9
St David's
271
239
-32
St James
21
33
12
St Leonard's
17
20
3
St Loyes
120
48
-72
St Thomas
29
45
16
Topsham
69
119
50
Whipton & Barton
98
64
-34
Ward
Dissolutions
Incorporations
Net Change
Ward Dissolutions Incorporations Net Change
Boniface
15
14
-1
Bradninch
4
7
3
Cadbury
6
11
5
Canonsleigh
17
21
4
Castle
38
36
-2
Clare and Shuttern
24
9
-15
Cranmore
20
35
15
Cullompton North
25
27
2
Cullompton Outer
9
11
2
Cullompton South
7
11
4
Exe Valley
7
15
8
Halberton
15
21
6
Lawrence
50
70
20
Lower Culm
18
15
-3
Lowman
22
26
4
Newbrooke
6
3
-3
Sandford and Creedy
7
7
0
Silverton
8
3
-5
Taw
8
7
-1
Taw Vale
6
4
-2
Upper Culm
13
15
2
Upper Yeo
3
4
1
Way
2
3
1
Westexe
16
21
5
Yeo
14
14
0
Ward
Dissolutions
Incorporations
Net Change
Ward Dissolutions Incorporations Net Change
Bickington and Roundswell
18
22
4
Bishop's Nympton
12
5
-7
Bratton Fleming
11
14
3
Braunton East
16
15
-1
Braunton West
25
34
9
Central Town
56
70
14
Chittlehampton
8
18
10
Chulmleigh
7
8
1
Combe Martin
17
18
1
Forches and Whiddon Valley
8
13
5
Fremington
9
10
1
Georgeham and Mortehoe
14
18
4
Heanton Punchardon
7
10
3
Ilfracombe Central
16
36
20
Ilfracombe East
5
11
6
Ilfracombe West
12
12
0
Instow
7
8
1
Landkey Swimbridge and Taw
18
19
1
Longbridge
6
17
11
Lynton and Lynmouth
9
8
-1
Marwood
14
11
-3
Newport
19
20
1
North Molton
10
9
-1
Pilton
19
15
-4
South Molton
29
31
2
Witheridge
4
8
4
Yeo Valley
10
12
2
Ward
Dissolutions
Incorporations
Net Change
Ward Dissolutions Incorporations Net Change
Budshead
35
39
4
Compton
68
97
29
Devonport
72
98
26
Drake
73
88
15
Efford and Lipson
37
76
39
Eggbuckland
27
42
15
Ham
37
57
20
Honicknowle
32
50
18
Moor View
108
113
5
Peverell
41
76
35
Plympton Chaddlewood
18
26
8
Plympton Erle
28
38
10
Plympton St Mary
35
65
30
Plymstock Dunstone
24
41
17
Plymstock Radford
50
62
12
Southway
92
56
-36
St Budeaux
34
48
14
St Peter and the Waterfront
363
366
3
Stoke
77
114
37
Sutton and Mount Gould
92
134
42
Ward
Dissolutions
Incorporations
Net Change
Ward Dissolutions Incorporations Net Change
Allington & Strete
10
23
13
Bickleigh & Cornwood
3
15
12
Blackawton & Stoke Fleming
17
9
-8
Charterlands
11
16
5
Dartington & Staverton
13
23
10
Dartmouth & East Dart
26
34
8
Ermington & Ugborough
14
27
13
Ivybridge East
25
24
-1
Ivybridge West
56
27
-29
Kingsbridge
18
36
18
Loddiswell & Aveton Gifford
9
18
9
Marldon & Littlehempston
15
15
0
Newton & Yealmpton
31
55
24
Salcombe & Thurlestone
32
18
-14
South Brent
23
24
1
Stokenham
7
12
5
Totnes
42
64
22
Wembury & Brixton
20
21
1
West Dart
8
22
14
Woolwell
5
3
-2
Ward
Dissolutions
Incorporations
Net Change
Ward Dissolutions Incorporations Net Change
Ambrook
21
19
-2
Ashburton and Buckfastleigh
37
44
7
Bishopsteignton
8
8
0
Bovey
70
79
9
Bradley
18
20
2
Buckland and Milber
18
22
4
Bushell
139
186
47
Chudleigh
53
38
-15
College
29
47
18
Dawlish Central and North East
31
39
8
Dawlish South West
12
27
15
Haytor
7
10
3
Ipplepen
10
6
-4
Kenn Valley
28
52
24
Kenton with Starcross
7
2
-5
Kerswell-with-Combe
26
24
-2
Kingsteignton East
21
26
5
Kingsteignton West
13
15
2
Moorland
9
14
5
Shaldon and Stokeinteignhead
12
15
3
Shiphay-with-the-Willows
72
82
10
South Brent
23
24
1
Teign Valley
14
10
-4
Teignbridge North
8
8
0
Teignmouth Central
12
20
8
Teignmouth East
51
53
2
Teignmouth West
18
15
-3
Ward
Dissolutions
Incorporations
Net Change
Ward Dissolutions Incorporations Net Change
Berry Head-with-Furzeham
53
73
20
Blatchcombe
34
49
15
Churston-with-Galmpton
19
30
11
Clifton-with-Maidenway
16
25
9
Cockington-with-Chelston
48
47
-1
Ellacombe
47
26
-21
Goodrington-with-Roselands
12
20
8
Preston
40
40
0
Roundham-with-Hyde
83
95
12
Shiphay-with-the-Willows
72
82
10
St Mary's-with-Summercombe
21
14
-7
St Marychurch
41
45
4
Tormohun
233
141
-92
Watcombe
13
21
8
Wellswood
37
56
19
Ward
Dissolutions
Incorporations
Net Change
Ward Dissolutions Incorporations Net Change
Appledore
9
5
-4
Bideford East
41
22
-19
Bideford North
123
58
-65
Bideford South
22
33
11
Broadheath
4
9
5
Chittlehampton
8
18
10
Clinton
1
3
2
Clovelly Bay
4
8
4
Coham Bridge
7
8
1
Forest
8
10
2
Hartland and Bradworthy
29
17
-12
Holsworthy
26
19
-7
Kenwith
1
5
4
Monkleigh and Littleham
1
2
1
Northam
6
9
3
Orchard Hill
2
3
1
Shebbear and Langtree
4
6
2
Tamarside
11
18
7
Three Moors
3
4
1
Torrington
11
32
21
Two Rivers
3
4
1
Waldon
6
8
2
Westward Ho!
3
4
1
Winkleigh
5
12
7
Ward
Dissolutions
Incorporations
Net Change
Ward Dissolutions Incorporations Net Change
Bere Ferrers
10
9
-1
Bridestowe
11
12
1
Buckland Monachorum
13
14
1
Burrator
7
5
-2
Chagford
12
6
-6
Dartmoor
12
7
-5
Drewsteignton
8
6
-2
Exbourne
18
17
-1
Hatherleigh
16
14
-2
Mary Tavy
6
5
-1
Milton Ford
4
9
5
Okehampton North
23
22
-1
Okehampton South
10
17
7
South Tawton
6
6
0
Tamarside
11
18
7
Tavistock North
19
33
14
Tavistock South East
17
8
-9
Tavistock South West
19
89
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Total companies 2023 league table

The counties in England where the most existing companies were based at the end of 2023 and how Devon 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
20th 2022: 20th
Devon
63,364
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 Devon

55.8

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National Average

86.6

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The last 5 years

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

2019

6,196 formed

4,846 dissolved

2020

7,174 formed

3,994 dissolved

2021

6,825 formed

5,551 dissolved

2022

6,814 formed

5,521 dissolved

2023

7,183 formed

6,148 dissolved

Overall growth compared to previous year

7.54% vs 2019

4.79% vs 2020

3.05% vs 2021

2.4% vs 2022