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Company Formations in 2024: Devon

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???? Businesses formed in Devon during 2024

1.5% more companies in Devon compared to 2023

New businesses in Devon mapped

Boroughs

  • AEast Devon: 723
  • BExeter: 1,128
  • CMid Devon: 392
  • DNorth Devon: 423
  • EPlymouth: 1,447
  • FSouth Hams: 534
  • GTeignbridge: 735
  • HTorbay: 732
  • ITorridge: 277
  • JWest Devon: 236

Companies formed in 2024 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 2023: 1st
London
280,423
2nd 2023: 2nd
West Midlands
41,700
3rd 2023: 3rd
Greater Manchester
40,892
4th 2023: 4th
West Yorkshire
23,972
5th 2023: 5th
Essex
19,024
29th 2023: 28th
Devon
6,646
Rank
County
No. Companies formed
Rank County No. Companies formed
24th 2023: 23rd
Dorset
7,890
29th 2023: 28th
Devon
6,646
32nd 2023: 32nd
Somerset
6,153
43rd 2023: 42nd
Cornwall
2,854
Rank
County
No. Companies formed
Rank County No. Companies formed
1st 2023: 1st
London
280,423
2nd 2023: 2nd
West Midlands
41,700
3rd 2023: 3rd
Greater Manchester
40,892
4th 2023: 4th
West Yorkshire
23,972
5th 2023: 5th
Essex
19,024
6th 2023: 6th
Kent
16,490
7th 2023: 7th
Hampshire
14,534
8th 2023: 8th
Hertfordshire
14,111
9th 2023: 10th
Lancashire
13,620
10th 2023: 9th
Merseyside
13,029
11th 2023: 12th
South Yorkshire
11,673
12th 2023: 11th
Surrey
11,351
13th 2023: 13th
Leicestershire
11,209
14th 2023: 14th
Berkshire
10,454
15th 2023: 15th
Cheshire
9,854
16th 2023: 17th
Nottinghamshire
9,248
17th 2023: 16th
Buckinghamshire
9,185
18th 2023: 20th
Suffolk
9,091
19th 2023: 18th
North Yorkshire
8,830
20th 2023: 22nd
Cambridgeshire
8,588
21st 2023: 24th
Tyne and Wear
8,269
22nd 2023: 19th
Bedfordshire
8,251
23rd 2023: 21st
Staffordshire
8,181
24th 2023: 23rd
Dorset
7,890
25th 2023: 26th
Derbyshire
7,553
26th 2023: 27th
East Sussex
7,231
27th 2023: 29th
Lincolnshire
7,132
28th 2023: 25th
Northamptonshire
6,894
29th 2023: 28th
Devon
6,646
30th 2023: 30th
Gloucestershire
6,522
31st 2023: 31st
West Sussex
6,467
32nd 2023: 32nd
Somerset
6,153
33rd 2023: 34th
Durham
5,616
34th 2023: 33rd
Norfolk
5,434
35th 2023: 35th
Oxfordshire
5,301
36th 2023: 36th
Warwickshire
5,070
37th 2023: 39th
Worcestershire
5,059
38th 2023: 38th
Wiltshire
4,609
39th 2023: 37th
Bristol
4,467
40th 2023: 40th
East Riding of Yorkshire
4,234
41st 2023: 44th
Herefordshire
4,025
42nd 2023: 41st
Shropshire
3,031
43rd 2023: 42nd
Cornwall
2,854
44th 2023: 43rd
Cumbria
2,453
45th 2023: 45th
Northumberland
1,577
46th 2023: 46th
Isle of Wight
718
47th 2023: 47th
Rutland
242

New incorporations in 2024 per 1000 Man standing people

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In Devon

5.4

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12.5

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Type of companies formed in Devon breakdown

94% Private Limited Companies (6,256 companies)

6% Other company types (390 companies)

Other company types breakdown (390 companies)

Total companies in Devon by the end of 2024

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Businesses formed in Devon during 2024

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Businesses dissolved in Devon during 2024

meaning there is a total of

64,346

businesses registered in Devon at the end of 2024.

1.5% more companies in Devon compared to 2023

Surrounding counties 2024 breakdown & comparison

Dorset

63,675 total businesses
7,890 formed in 2024
7,119 dissolved in 2024

Somerset

60,769 total businesses
6,153 formed in 2024
5,785 dissolved in 2024

Cornwall

27,621 total businesses
2,854 formed in 2024
2,338 dissolved in 2024

Devon

64,346 total businesses
6,646 formed in 2024
5,864 dissolved in 2024

DevonCornwallSomersetDorset

Ward breakdown data for

Ward
Dissolutions
Incorporations
Net Change
Ward Dissolutions Incorporations Net Change
Axminster Rural
13
11
-2
Axminster Town
41
47
6
Beer and Branscombe
4
5
1
Broadclyst
51
50
-1
Budleigh
22
26
4
Clyst Valley
30
43
13
Coly Valley
23
13
-10
Dunkeswell
7
10
3
Exe Valley
1
11
10
Exmouth Brixington
18
12
-6
Exmouth Halsdon
15
24
9
Exmouth Littleham
27
20
-7
Exmouth Town
59
80
21
Exmouth Withycombe Raleigh
19
19
0
Feniton and Buckerell
11
5
-6
Honiton St Michael's
22
27
5
Honiton St Paul's
37
53
16
Newbridges
7
9
2
Newton Poppleford and Harpford
11
10
-1
Otterhead
10
9
-1
Ottery St Mary Rural
22
26
4
Ottery St Mary Town
23
25
2
Raleigh
14
14
0
Seaton
39
58
19
Sidmouth Rural
6
4
-2
Sidmouth Sidford
11
14
3
Sidmouth Town
13
30
17
Tale Vale
9
5
-4
Trinity
8
8
0
Whimple
4
21
17
Woodbury and Lympstone
34
24
-10
Yarty
5
10
5
Ward
Dissolutions
Incorporations
Net Change
Ward Dissolutions Incorporations Net Change
Alphington
183
315
132
Cowick
10
14
4
Duryard
11
15
4
Exwick
14
28
14
Heavitree
18
30
12
Mincinglake
8
27
19
Newtown
44
62
18
Pennsylvania
9
26
17
Pinhoe
25
39
14
Polsloe
21
33
12
Priory
30
32
2
St David's
287
217
-70
St James
21
32
11
St Leonard's
16
21
5
St Loyes
110
50
-60
St Thomas
33
31
-2
Topsham
86
109
23
Whipton & Barton
49
47
-2
Ward
Dissolutions
Incorporations
Net Change
Ward Dissolutions Incorporations Net Change
Boniface
9
13
4
Bradninch
7
5
-2
Cadbury
8
8
0
Canonsleigh
15
13
-2
Castle
32
46
14
Clare and Shuttern
29
12
-17
Cranmore
19
28
9
Cullompton North
19
24
5
Cullompton Outer
12
12
0
Cullompton South
8
17
9
Exe Valley
1
11
10
Halberton
17
16
-1
Lawrence
44
57
13
Lower Culm
16
15
-1
Lowman
19
34
15
Newbrooke
3
5
2
Sandford and Creedy
7
12
5
Silverton
2
2
0
Taw
3
8
5
Taw Vale
4
6
2
Upper Culm
17
21
4
Upper Yeo
9
3
-6
Way
4
5
1
Westexe
13
18
5
Yeo
15
12
-3
Ward
Dissolutions
Incorporations
Net Change
Ward Dissolutions Incorporations Net Change
Bickington and Roundswell
19
17
-2
Bishop's Nympton
7
11
4
Bratton Fleming
6
6
0
Braunton East
17
13
-4
Braunton West
22
19
-3
Central Town
62
82
20
Chittlehampton
6
16
10
Chulmleigh
9
5
-4
Combe Martin
12
15
3
Forches and Whiddon Valley
4
7
3
Fremington
7
11
4
Georgeham and Mortehoe
19
16
-3
Heanton Punchardon
5
14
9
Ilfracombe Central
26
30
4
Ilfracombe East
5
10
5
Ilfracombe West
13
14
1
Instow
9
5
-4
Landkey Swimbridge and Taw
12
22
10
Longbridge
14
8
-6
Lynton and Lynmouth
6
17
11
Marwood
8
9
1
Newport
21
15
-6
North Molton
5
5
0
Pilton
14
11
-3
South Molton
20
22
2
Witheridge
6
9
3
Yeo Valley
6
14
8
Ward
Dissolutions
Incorporations
Net Change
Ward Dissolutions Incorporations Net Change
Budshead
32
39
7
Compton
63
81
18
Devonport
47
80
33
Drake
67
77
10
Efford and Lipson
44
59
15
Eggbuckland
28
46
18
Ham
42
56
14
Honicknowle
38
44
6
Moor View
130
121
-9
Peverell
48
56
8
Plympton Chaddlewood
14
16
2
Plympton Erle
15
25
10
Plympton St Mary
80
56
-24
Plymstock Dunstone
37
35
-2
Plymstock Radford
30
49
19
Southway
49
29
-20
St Budeaux
42
34
-8
St Peter and the Waterfront
312
318
6
Stoke
81
101
20
Sutton and Mount Gould
103
125
22
Ward
Dissolutions
Incorporations
Net Change
Ward Dissolutions Incorporations Net Change
Allington & Strete
12
14
2
Bickleigh & Cornwood
13
13
0
Blackawton & Stoke Fleming
5
21
16
Charterlands
10
9
-1
Dartington & Staverton
13
22
9
Dartmouth & East Dart
30
43
13
Ermington & Ugborough
14
27
13
Ivybridge East
18
26
8
Ivybridge West
65
32
-33
Kingsbridge
28
36
8
Loddiswell & Aveton Gifford
13
12
-1
Marldon & Littlehempston
11
11
0
Newton & Yealmpton
39
100
61
Salcombe & Thurlestone
21
28
7
South Brent
25
29
4
Stokenham
8
13
5
Totnes
37
59
22
Wembury & Brixton
14
20
6
West Dart
8
14
6
Woolwell
8
5
-3
Ward
Dissolutions
Incorporations
Net Change
Ward Dissolutions Incorporations Net Change
Ambrook
16
24
8
Ashburton and Buckfastleigh
40
49
9
Bishopsteignton
5
6
1
Bovey
107
58
-49
Bradley
21
18
-3
Buckland and Milber
14
20
6
Bushell
116
148
32
Chudleigh
34
21
-13
College
27
53
26
Dawlish Central and North East
27
40
13
Dawlish South West
14
7
-7
Haytor
14
14
0
Ipplepen
9
8
-1
Kenn Valley
42
55
13
Kenton with Starcross
6
7
1
Kerswell-with-Combe
23
23
0
Kingsteignton East
21
28
7
Kingsteignton West
12
8
-4
Moorland
6
23
17
Shaldon and Stokeinteignhead
10
7
-3
Shiphay-with-the-Willows
69
102
33
South Brent
25
29
4
Teign Valley
13
19
6
Teignbridge North
10
19
9
Teignmouth Central
9
15
6
Teignmouth East
40
63
23
Teignmouth West
13
2
-11
Ward
Dissolutions
Incorporations
Net Change
Ward Dissolutions Incorporations Net Change
Berry Head-with-Furzeham
60
39
-21
Blatchcombe
48
42
-6
Churston-with-Galmpton
19
22
3
Clifton-with-Maidenway
24
14
-10
Cockington-with-Chelston
35
37
2
Ellacombe
35
37
2
Goodrington-with-Roselands
16
15
-1
Preston
42
39
-3
Roundham-with-Hyde
80
110
30
Shiphay-with-the-Willows
69
102
33
St Mary's-with-Summercombe
12
20
8
St Marychurch
52
36
-16
Tormohun
213
135
-78
Watcombe
19
29
10
Wellswood
42
55
13
Ward
Dissolutions
Incorporations
Net Change
Ward Dissolutions Incorporations Net Change
Appledore
4
11
7
Bideford East
20
14
-6
Bideford North
39
56
17
Bideford South
14
26
12
Broadheath
3
7
4
Chittlehampton
6
16
10
Clinton
5
3
-2
Clovelly Bay
7
14
7
Coham Bridge
9
2
-7
Forest
7
9
2
Hartland and Bradworthy
30
14
-16
Holsworthy
16
19
3
Kenwith
4
7
3
Monkleigh and Littleham
5
5
0
Northam
6
21
15
Orchard Hill
3
5
2
Shebbear and Langtree
4
9
5
Tamarside
13
11
-2
Three Moors
5
6
1
Torrington
19
17
-2
Two Rivers
3
5
2
Waldon
5
6
1
Westward Ho!
2
10
8
Winkleigh
7
6
-1
Ward
Dissolutions
Incorporations
Net Change
Ward Dissolutions Incorporations Net Change
Bere Ferrers
8
6
-2
Bridestowe
11
16
5
Buckland Monachorum
13
14
1
Burrator
14
14
0
Chagford
7
5
-2
Dartmoor
7
5
-2
Drewsteignton
8
4
-4
Exbourne
16
12
-4
Hatherleigh
5
17
12
Mary Tavy
2
4
2
Milton Ford
8
17
9
Okehampton North
17
32
15
Okehampton South
12
14
2
South Tawton
5
6
1
Tamarside
13
11
-2
Tavistock North
28
41
13
Tavistock South East
8
8
0
Tavistock South West
10
15
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Total companies 2024 league table

The counties in England where the most existing companies were based at the end of 2024 and how Devon compares to them.

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Rank
County
Total companies
Rank County Total companies
1st 2023: 1st
London
1,560,328
2nd 2023: 2nd
Greater Manchester
251,769
3rd 2023: 3rd
West Midlands
234,944
4th 2023: 5th
West Yorkshire
157,321
5th 2023: 4th
Essex
157,235
20th 2023: 20th
Devon
64,346
Rank
County
Total companies
Rank County Total companies
20th 2023: 20th
Devon
64,346
21st 2023: 21st
Dorset
63,675
25th 2023: 23rd
Somerset
60,769
42nd 2023: 42nd
Cornwall
27,621
Rank
County
Total companies
Rank County Total companies
1st 2023: 1st
London
1,560,328
2nd 2023: 2nd
Greater Manchester
251,769
3rd 2023: 3rd
West Midlands
234,944
4th 2023: 5th
West Yorkshire
157,321
5th 2023: 4th
Essex
157,235
6th 2023: 6th
Kent
136,504
7th 2023: 7th
Hampshire
127,564
8th 2023: 8th
Hertfordshire
125,410
9th 2023: 9th
Surrey
110,047
10th 2023: 10th
Lancashire
97,537
11th 2023: 11th
Merseyside
84,857
12th 2023: 12th
Cheshire
83,478
13th 2023: 13th
Buckinghamshire
80,842
14th 2023: 14th
Berkshire
80,348
15th 2023: 15th
Leicestershire
78,116
16th 2023: 16th
South Yorkshire
75,130
17th 2023: 17th
East Sussex
71,666
18th 2023: 18th
North Yorkshire
67,293
19th 2023: 19th
Nottinghamshire
65,784
20th 2023: 20th
Devon
64,346
21st 2023: 21st
Dorset
63,675
22nd 2023: 22nd
Staffordshire
62,904
23rd 2023: 24th
Cambridgeshire
61,973
24th 2023: 26th
Gloucestershire
61,133
25th 2023: 23rd
Somerset
60,769
26th 2023: 25th
West Sussex
60,518
27th 2023: 27th
Derbyshire
59,950
28th 2023: 28th
Lincolnshire
57,099
29th 2023: 29th
Northamptonshire
55,842
30th 2023: 32nd
Suffolk
55,335
31st 2023: 30th
Tyne and Wear
54,971
32nd 2023: 31st
Bedfordshire
53,808
33rd 2023: 33rd
Norfolk
49,863
34th 2023: 34th
Oxfordshire
48,887
35th 2023: 35th
Worcestershire
48,838
36th 2023: 36th
Warwickshire
43,777
37th 2023: 37th
Wiltshire
42,535
38th 2023: 38th
Durham
38,779
39th 2023: 39th
Bristol
36,561
40th 2023: 40th
East Riding of Yorkshire
31,014
41st 2023: 41st
Shropshire
28,136
42nd 2023: 42nd
Cornwall
27,621
43rd 2023: 43rd
Cumbria
24,059
44th 2023: 44th
Herefordshire
18,258
45th 2023: 45th
Northumberland
13,228
46th 2023: 46th
Isle of Wight
6,739
47th 2023: 47th
Rutland
2,179

Total companies at the end of 2024 per 1000 Person people

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52.2

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National Average

83.4

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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.

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

2024

6,646 formed

5,864 dissolved

Overall growth compared to previous year

4.79% vs 2020

3.05% vs 2021

2.44% vs 2022

1.5% vs 2023