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Company Formations in 2023: Hertfordshire

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???? Businesses formed in Hertfordshire during 2023

0.6% more companies in Hertfordshire compared to 2022

New businesses in Hertfordshire mapped

Boroughs

  • ABroxbourne: 1,207
  • BDacorum: 1,711
  • CEast Hertfordshire: 1,413
  • DHertsmere: 1,969
  • ENorth Hertfordshire: 1,186
  • FSt Albans: 1,724
  • GStevenage: 1,061
  • HThree Rivers: 1,153
  • IWatford: 1,842
  • JWelwyn Hatfield: 1,221

Companies formed in 2023 league table

The counties in England where most companies are formed, and how Hertfordshire 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
8th 2022: 8th
Hertfordshire
14,512
Rank
County
No. Companies formed
Rank County No. Companies formed
1st 2022: 1st
London
313,446
5th 2022: 5th
Essex
20,333
8th 2022: 8th
Hertfordshire
14,512
16th 2022: 17th
Buckinghamshire
9,591
19th 2022: 18th
Bedfordshire
9,025
22nd 2022: 25th
Cambridgeshire
8,677
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 Hertfordshire

13.0

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14.2

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Type of companies formed in Hertfordshire breakdown

96% Private Limited Companies (13,952 companies)

4% Other company types (560 companies)

Other company types breakdown (560 companies)

Total companies in Hertfordshire by the end of 2023

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Businesses formed in Hertfordshire during 2023

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Businesses dissolved in Hertfordshire during 2023

meaning there is a total of

122,871

businesses registered in Hertfordshire at the end of 2023.

0.6% more companies in Hertfordshire compared to 2022

Surrounding counties 2023 breakdown & comparison

Cambridgeshire

60,023 total businesses
8,677 formed in 2023
6,535 dissolved in 2023

Essex

153,732 total businesses
20,333 formed in 2023
16,314 dissolved in 2023

Buckinghamshire

78,961 total businesses
9,591 formed in 2023
7,897 dissolved in 2023

London

1,534,936 total businesses
313,446 formed in 2023
213,520 dissolved in 2023

Bedfordshire

52,721 total businesses
9,025 formed in 2023
6,697 dissolved in 2023

Hertfordshire

122,871 total businesses
14,512 formed in 2023
12,706 dissolved in 2023

EssexHertfordshireBuckinghamshireCambridgeshireLondonBedfordshire

Ward breakdown data for

Ward
Dissolutions
Incorporations
Net Change
Ward Dissolutions Incorporations Net Change
Broxbourne and Hoddesdon South
102
128
26
Cheshunt North
92
115
23
Cheshunt South and Theobalds
116
147
31
Flamstead End
52
74
22
Goffs Oak
38
81
43
Hertford Heath
13
26
13
Hoddesdon North
35
60
25
Hoddesdon Town and Rye Park
160
142
-18
Rosedale and Bury Green
42
61
19
Waltham Cross
183
283
100
Wormley and Turnford
66
115
49
Ward
Dissolutions
Incorporations
Net Change
Ward Dissolutions Incorporations Net Change
Adeyfield East
137
149
12
Adeyfield West
40
49
9
Aldbury and Wigginton
13
21
8
Apsley and Corner Hall
91
121
30
Ashridge
17
14
-3
Bennetts End
44
66
22
Berkhamsted Castle
104
139
35
Berkhamsted East
61
54
-7
Berkhamsted West
29
30
1
Bovingdon Flaunden and Chipperfield
45
74
29
Boxmoor
270
88
-182
Chaulden and Warners End
44
72
28
Gadebridge
44
26
-18
Grovehill
51
60
9
Hemel Hempstead Town
159
244
85
Highfield
36
33
-3
Kings Langley
68
57
-11
Leverstock Green
67
83
16
Nash Mills
21
33
12
Northchurch
14
10
-4
Tring Central
25
36
11
Tring East
93
109
16
Tring West and Rural
66
48
-18
Watling
56
45
-11
Woodhall Farm
52
50
-2
Ward
Dissolutions
Incorporations
Net Change
Ward Dissolutions Incorporations Net Change
Bishop's Stortford All Saints
54
51
-3
Bishop's Stortford Central
103
187
84
Bishop's Stortford Meads
86
73
-13
Bishop's Stortford Silverleys
26
47
21
Bishop's Stortford South
42
42
0
Braughing
22
31
9
Buntingford
38
35
-3
Datchworth & Aston
12
12
0
Great Amwell
14
15
1
Hertford Bengeo
55
39
-16
Hertford Castle
270
250
-20
Hertford Heath
13
26
13
Hertford Kingsmead
45
66
21
Hertford Rural North
13
26
13
Hertford Rural South
20
23
3
Hertford Sele
19
29
10
Hunsdon
26
25
-1
Little Hadham
13
20
7
Much Hadham
25
20
-5
Mundens and Cottered
9
19
10
Puckeridge
20
20
0
Sawbridgeworth
94
90
-4
Stanstead Abbots
41
50
9
Thundridge & Standon
16
23
7
Walkern
28
26
-2
Ware Chadwell
17
35
18
Ware Christchurch
62
83
21
Ware St Mary's
18
18
0
Ware Trinity
21
23
2
Watton-at-Stone
9
10
1
Ward
Dissolutions
Incorporations
Net Change
Ward Dissolutions Incorporations Net Change
Aldenham East
57
82
25
Aldenham West
52
70
18
Borehamwood Brookmeadow
123
128
5
Borehamwood Cowley Hill
89
136
47
Borehamwood Hillside
522
419
-103
Borehamwood Kenilworth
105
151
46
Bushey Heath
81
78
-3
Bushey North
84
104
20
Bushey Park
27
42
15
Bushey St James
57
88
31
Elstree
78
143
65
Potters Bar Furzefield
48
55
7
Potters Bar Oakmere
84
101
17
Potters Bar Parkfield
331
277
-54
Shenley
51
95
44
Ward
Dissolutions
Incorporations
Net Change
Ward Dissolutions Incorporations Net Change
Arbury
14
23
9
Baldock East
6
12
6
Baldock Town
39
53
14
Cadwell
9
5
-4
Chesfield
45
58
13
Codicote
21
15
-6
Ermine
16
18
2
Hitchin Bearton
131
274
143
Hitchin Highbury
93
100
7
Hitchin Oughton
18
34
16
Hitchin Priory
21
24
3
Hitchin Walsworth
34
50
16
Hitchwood Offa and Hoo
57
73
16
Kimpton
7
10
3
Knebworth
39
41
2
Letchworth East
121
123
2
Letchworth Grange
29
23
-6
Letchworth South East
33
19
-14
Letchworth South West
49
62
13
Letchworth Wilbury
22
32
10
Royston Heath
25
27
2
Royston Meridian
11
20
9
Royston Palace
72
80
8
Weston and Sandon
21
10
-11
Ward
Dissolutions
Incorporations
Net Change
Ward Dissolutions Incorporations Net Change
Ashley
140
72
-68
Batchwood
32
50
18
Clarence
69
67
-2
Colney Heath
53
67
14
Cunningham
46
57
11
Harpenden East
30
50
20
Harpenden North
73
100
27
Harpenden South
43
64
21
Harpenden West
128
126
-2
London Colney
139
158
19
Marshalswick North
34
43
9
Marshalswick South
90
79
-11
Park Street
57
54
-3
Redbourn
61
71
10
Sandridge
27
29
2
Sopwell
84
63
-21
St Peters
316
326
10
St Stephen
43
71
28
Verulam
57
85
28
Wheathampstead
154
92
-62
Ward
Dissolutions
Incorporations
Net Change
Ward Dissolutions Incorporations Net Change
Bandley Hill
31
36
5
Bedwell
42
91
49
Chells
28
48
20
Longmeadow
35
36
1
Manor
31
32
1
Martins Wood
22
46
24
Old Town
127
250
123
Pin Green
27
34
7
Roebuck
140
203
63
Shephall
31
45
14
St Nicholas
56
52
-4
Symonds Green
116
138
22
Woodfield
47
50
3
Ward
Dissolutions
Incorporations
Net Change
Ward Dissolutions Incorporations Net Change
Abbots Langley & Bedmond
35
51
16
Carpenders Park
58
81
23
Chorleywood North & Sarratt
72
68
-4
Chorleywood South & Maple Cross
64
101
37
Dickinsons
69
90
21
Durrants
26
38
12
Gade Valley
75
91
16
Leavesden
57
69
12
Moor Park & Eastbury
142
147
5
Oxhey Hall & Hayling
47
85
38
Penn & Mill End
66
56
-10
Rickmansworth Town
177
199
22
South Oxhey
53
79
26
Ward
Dissolutions
Incorporations
Net Change
Ward Dissolutions Incorporations Net Change
Callowland
112
182
70
Central
865
674
-191
Holywell
96
145
49
Leavesden
57
69
12
Leggatts
60
100
40
Meriden
60
77
17
Nascot
122
102
-20
Oxhey
47
58
11
Park
73
114
41
Stanborough
52
53
1
Tudor
67
113
46
Vicarage
96
148
52
Woodside
40
74
34
Ward
Dissolutions
Incorporations
Net Change
Ward Dissolutions Incorporations Net Change
Brookmans Park and Little Heath
80
50
-30
Haldens
46
54
8
Handside
55
46
-9
Hatfield Central
96
114
18
Hatfield East
112
114
2
Hatfield South
70
86
16
Hatfield Villages
123
176
53
Hatfield West
94
134
40
Hollybush
86
63
-23
Howlands
37
25
-12
Northaw and Cuffley
42
89
47
Panshanger
35
28
-7
Peartree
77
82
5
Sherrards
19
32
13
Welham Green
29
49
20
Welwyn East
34
41
7
Welwyn West
35
38
3

Total companies 2023 league table

The counties in England where the most existing companies were based at the end of 2023 and how Hertfordshire 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
8th 2022: 8th
Hertfordshire
122,871
Rank
County
Total companies
Rank County Total companies
1st 2022: 1st
London
1,534,936
4th 2022: 5th
Essex
153,732
8th 2022: 8th
Hertfordshire
122,871
13th 2022: 13th
Buckinghamshire
78,961
24th 2022: 26th
Cambridgeshire
60,023
31st 2022: 31st
Bedfordshire
52,721
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 Hertfordshire

109.7

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National Average

86.6

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The last 5 years

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

2019

15,231 formed

12,403 dissolved

2020

14,464 formed

10,027 dissolved

2021

13,899 formed

13,874 dissolved

2022

13,643 formed

11,771 dissolved

2023

14,512 formed

12,706 dissolved

Overall growth compared to previous year

4.15% vs 2019

0.85% vs 2020

2.8% vs 2021

0.6% vs 2022