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Company Formations in 2024: Herefordshire

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???? Businesses formed in Herefordshire during 2024

13.0% more companies in Herefordshire compared to 2023

New businesses in Herefordshire mapped

Herefordshire 4,012 formed

Powys 598 formed

Monmouthshire 570 formed

Worcestershire 5,059 formed

Gloucestershire 6,522 formed

Shropshire 3,031 formed

HerefordshireGloucestershireWorcestershireShropshireMonmouthshirePowys

Companies formed in 2024 league table

The counties in England where most companies are formed, and how Herefordshire 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
41st 2023: 44th
Herefordshire
4,025
Rank
County
No. Companies formed
Rank County No. Companies formed
30th 2023: 30th
Gloucestershire
6,522
37th 2023: 39th
Worcestershire
5,059
41st 2023: 44th
Herefordshire
4,025
42nd 2023: 41st
Shropshire
3,031
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 Herefordshire

21.3

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National Average

12.5

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Type of companies formed in Herefordshire breakdown

98% Private Limited Companies (3,930 companies)

2% Other company types (95 companies)

Other company types breakdown (95 companies)

Total companies in Herefordshire by the end of 2024

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Businesses formed in Herefordshire during 2024

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Businesses dissolved in Herefordshire during 2024

meaning there is a total of

18,258

businesses registered in Herefordshire at the end of 2024.

13.0% more companies in Herefordshire compared to 2023

Surrounding counties 2024 breakdown & comparison

Powys

6,167 total businesses
598 formed in 2024
478 dissolved in 2024

Monmouthshire

5,359 total businesses
570 formed in 2024
430 dissolved in 2024

Worcestershire

48,838 total businesses
5,059 formed in 2024
5,336 dissolved in 2024

Gloucestershire

61,133 total businesses
6,522 formed in 2024
5,495 dissolved in 2024

Shropshire

28,136 total businesses
3,031 formed in 2024
2,522 dissolved in 2024

Herefordshire

18,258 total businesses
4,025 formed in 2024
1,413 dissolved in 2024

HerefordshireGloucestershireWorcestershireShropshireMonmouthshirePowys

Ward breakdown data for

Ward
Dissolutions
Incorporations
Net Change
Ward Dissolutions Incorporations Net Change
Arrow
14
16
2
Aylestone Hill
8
11
3
Backbury
13
15
2
Belmont Rural
6
9
3
Birch
12
18
6
Bircher
3
17
14
Bishops Frome & Cradley
19
17
-2
Bobblestock
4
9
5
Bromyard Bringsty
23
17
-6
Bromyard West
7
12
5
Castle
12
13
1
Central
51
76
25
College
3
13
10
Credenhill
12
23
11
Dinedor Hill
94
86
-8
Eign Hill
23
18
-5
Golden Valley North
15
12
-3
Golden Valley South
13
17
4
Greyfriars
21
17
-4
Hagley
25
60
35
Hampton
15
18
3
Hinton & Hunderton
2
9
7
Holmer
12
15
3
Hope End
22
13
-9
Kerne Bridge
23
25
2
Kings Acre
8
8
0
Kington
589
2998
2409
Ledbury North
16
14
-2
Ledbury South
11
8
-3
Ledbury West
6
10
4
Leominster East
28
22
-6
Leominster North & Rural
16
7
-9
Leominster South
7
24
17
Leominster West
3
6
3
Llangarron
8
18
10
Mortimer
8
17
9
Newton Farm
11
6
-5
Old Gore
11
20
9
Penyard
17
17
0
Queenswood
10
10
0
Red Hill
5
9
4
Ross East
28
32
4
Ross North
13
45
32
Ross West
14
26
12
Saxon Gate
11
17
6
Stoney Street
8
8
0
Sutton Walls
5
13
8
Three Crosses
19
23
4
Tupsley
3
8
5
Weobley
14
8
-6
Whitecross
9
9
0
Widemarsh
37
53
16
Wormside
7
20
13

Total companies 2024 league table

The counties in England where the most existing companies were based at the end of 2024 and how Herefordshire 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
44th 2023: 44th
Herefordshire
18,258
Rank
County
Total companies
Rank County Total companies
24th 2023: 26th
Gloucestershire
61,133
35th 2023: 35th
Worcestershire
48,838
41st 2023: 41st
Shropshire
28,136
44th 2023: 44th
Herefordshire
18,258
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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In Herefordshire

96.7

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National Average

83.4

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The last 5 years

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

2020

2,327 formed

766 dissolved

2021

2,858 formed

1,324 dissolved

2022

2,928 formed

1,497 dissolved

2023

2,540 formed

1,684 dissolved

2024

4,025 formed

1,413 dissolved

Overall growth compared to previous year

15.86% vs 2020

10.67% vs 2021

-1.51% vs 2022

13.0% vs 2023