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Company Formations in 2022: Isle of Wight

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???? Businesses formed in Isle of Wight during 2022

1.6% more companies in Isle of Wight compared to 2021

New businesses in Isle of Wight mapped

Isle of Wight 652 formed

Dorset 8,427 formed

Hampshire 14,533 formed

West Sussex 6,136 formed

HampshireDorsetWest SussexIsle ofWight

Companies formed in 2022 league table

The counties in England where most companies are formed, and how Isle of Wight compares.

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Rank
County
No. Companies formed
Rank County No. Companies formed
1st 2021: 1st
London
274,838
2nd 2021: 2nd
West Midlands
39,355
3rd 2021: 3rd
Greater Manchester
38,756
4th 2021: 4th
West Yorkshire
25,517
5th 2021: 5th
Essex
18,955
46th 2021: 46th
Isle of Wight
652
Rank
County
No. Companies formed
Rank County No. Companies formed
7th 2021: 7th
Hampshire
14,533
19th 2021: 22nd
Dorset
8,427
32nd 2021: 31st
West Sussex
6,136
46th 2021: 46th
Isle of Wight
652
Rank
County
No. Companies formed
Rank County No. Companies formed
1st 2021: 1st
London
274,838
2nd 2021: 2nd
West Midlands
39,355
3rd 2021: 3rd
Greater Manchester
38,756
4th 2021: 4th
West Yorkshire
25,517
5th 2021: 5th
Essex
18,955
6th 2021: 6th
Kent
16,109
7th 2021: 7th
Hampshire
14,533
8th 2021: 8th
Hertfordshire
13,643
9th 2021: 9th
Merseyside
13,358
10th 2021: 10th
Lancashire
13,312
11th 2021: 12th
South Yorkshire
11,901
12th 2021: 11th
Surrey
10,902
13th 2021: 14th
Leicestershire
10,408
14th 2021: 15th
Berkshire
9,571
15th 2021: 13th
Cheshire
9,335
16th 2021: 17th
Nottinghamshire
9,235
17th 2021: 16th
Buckinghamshire
8,683
18th 2021: 24th
Bedfordshire
8,495
19th 2021: 22nd
Dorset
8,427
20th 2021: 21st
North Yorkshire
8,424
21st 2021: 18th
Staffordshire
8,072
22nd 2021: 20th
Tyne and Wear
7,838
23rd 2021: 27th
Northamptonshire
7,831
24th 2021: 26th
Derbyshire
7,764
25th 2021: 23rd
Cambridgeshire
7,739
26th 2021: 19th
East Sussex
7,193
27th 2021: 28th
Somerset
7,121
28th 2021: 29th
Lincolnshire
7,100
29th 2021: 30th
Devon
6,814
30th 2021: 33rd
Suffolk
6,749
31st 2021: 32nd
Gloucestershire
6,373
32nd 2021: 31st
West Sussex
6,136
33rd 2021: 36th
Warwickshire
5,540
34th 2021: 34th
Norfolk
5,384
35th 2021: 37th
Durham
5,109
36th 2021: 35th
Bristol
4,951
37th 2021: 25th
Worcestershire
4,941
38th 2021: 38th
Oxfordshire
4,842
39th 2021: 39th
Wiltshire
4,536
40th 2021: 40th
East Riding of Yorkshire
4,233
41st 2021: 42nd
Shropshire
3,132
42nd 2021: 43rd
Herefordshire
2,928
43rd 2021: 41st
Cornwall
2,912
44th 2021: 44th
Cumbria
2,418
45th 2021: 45th
Northumberland
1,527
46th 2021: 46th
Isle of Wight
652
47th 2021: 47th
Rutland
193

New incorporations in 2022 per 1000 Man standing people

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In Isle of Wight

4.7

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National Average

12.7

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Type of companies formed in Isle of Wight breakdown

94% Private Limited Companies (615 companies)

6% Other company types (37 companies)

Other company types breakdown (37 companies)

Total companies in Isle of Wight by the end of 2022

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Businesses formed in Isle of Wight during 2022

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Businesses dissolved in Isle of Wight during 2022

Companies House did not always process company dissolutions as soon as the standard conditions for dissolution were first met.

meaning there is a total of

6,423

businesses registered in Isle of Wight at the end of 2022.

1.6% more companies in Isle of Wight compared to 2021

Surrounding counties 2022 breakdown & comparison

Dorset

61,217 total businesses
8,427 formed in 2022
5,845 dissolved in 2022

Hampshire

124,249 total businesses
14,533 formed in 2022
12,517 dissolved in 2022

West Sussex

58,763 total businesses
6,136 formed in 2022
5,240 dissolved in 2022

Isle of Wight

6,423 total businesses
652 formed in 2022
481 dissolved in 2022

HampshireDorsetWest SussexIsle ofWight

Ward breakdown data for

Ward
Dissolutions
Incorporations
Net Change
Ward Dissolutions Incorporations Net Change
Arreton and Newchurch
17
12
-5
Binstead and Fishbourne
12
16
4
Brading St Helens and Bembridge
31
38
7
Carisbrooke
8
13
5
Central Wight
14
14
0
Chale Niton and Whitwell
7
8
1
Cowes Medina
13
16
3
Cowes North
17
29
12
Cowes South and Northwood
10
16
6
Cowes West and Gurnard
12
14
2
East Cowes
13
17
4
Freshwater North
3
8
5
Freshwater South
11
4
-7
Godshill and Wroxall
10
12
2
Havenstreet Ashey and Haylands
15
25
10
Lake North
11
11
0
Lake South
7
17
10
Nettlestone and Seaview
13
21
8
Newport Central
33
69
36
Newport East
8
15
7
Newport North
29
32
3
Newport South
14
14
0
Newport West
11
4
-7
Parkhurst
8
8
0
Ryde East
8
6
-2
Ryde North East
17
12
-5
Ryde North West
19
34
15
Ryde South
10
16
6
Ryde West
8
15
7
Sandown North
8
10
2
Sandown South
7
9
2
Shanklin Central
8
21
13
Shanklin South
15
21
6
Totland
4
17
13
Ventnor East
6
11
5
Ventnor West
9
10
1
West Wight
10
14
4
Whippingham and Osborne
16
10
-6
Wootton Bridge
9
13
4

Total companies 2022 league table

The counties in England where the most existing companies were based at the end of 2022 and how Isle of Wight compares to them.

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Rank
County
Total companies
Rank County Total companies
1st 2021: 1st
London
1,462,539
2nd 2021: 2nd
Greater Manchester
233,019
3rd 2021: 3rd
West Midlands
211,766
4th 2021: 5th
West Yorkshire
151,175
5th 2021: 4th
Essex
148,387
46th 2021: 46th
Isle of Wight
6,423
Rank
County
Total companies
Rank County Total companies
7th 2021: 7th
Hampshire
124,249
21st 2021: 25th
Dorset
61,217
24th 2021: 21st
West Sussex
58,763
46th 2021: 46th
Isle of Wight
6,423
Rank
County
Total companies
Rank County Total companies
1st 2021: 1st
London
1,462,539
2nd 2021: 2nd
Greater Manchester
233,019
3rd 2021: 3rd
West Midlands
211,766
4th 2021: 5th
West Yorkshire
151,175
5th 2021: 4th
Essex
148,387
6th 2021: 6th
Kent
130,283
7th 2021: 7th
Hampshire
124,249
8th 2021: 8th
Hertfordshire
122,123
9th 2021: 9th
Surrey
107,722
10th 2021: 10th
Lancashire
91,522
11th 2021: 11th
Cheshire
81,809
12th 2021: 12th
Merseyside
81,221
13th 2021: 14th
Buckinghamshire
78,850
14th 2021: 13th
Berkshire
76,700
15th 2021: 15th
Leicestershire
73,507
16th 2021: 17th
South Yorkshire
72,058
17th 2021: 16th
East Sussex
70,836
18th 2021: 19th
North Yorkshire
62,355
19th 2021: 20th
Nottinghamshire
62,142
20th 2021: 18th
Devon
61,854
21st 2021: 25th
Dorset
61,217
22nd 2021: 22nd
Staffordshire
60,009
23rd 2021: 23rd
Somerset
59,531
24th 2021: 21st
West Sussex
58,763
25th 2021: 24th
Gloucestershire
57,852
26th 2021: 26th
Cambridgeshire
57,788
27th 2021: 27th
Derbyshire
55,697
28th 2021: 29th
Lincolnshire
53,143
29th 2021: 28th
Northamptonshire
51,966
30th 2021: 30th
Tyne and Wear
51,640
31st 2021: 31st
Bedfordshire
50,545
32nd 2021: 32nd
Oxfordshire
46,748
33rd 2021: 33rd
Norfolk
45,968
34th 2021: 35th
Suffolk
45,867
35th 2021: 34th
Worcestershire
43,964
36th 2021: 36th
Warwickshire
42,564
37th 2021: 37th
Wiltshire
40,505
38th 2021: 38th
Bristol
37,039
39th 2021: 39th
Durham
35,455
40th 2021: 40th
East Riding of Yorkshire
29,451
41st 2021: 41st
Shropshire
26,781
42nd 2021: 42nd
Cornwall
25,857
43rd 2021: 43rd
Cumbria
23,003
44th 2021: 44th
Herefordshire
16,412
45th 2021: 45th
Northumberland
12,420
46th 2021: 46th
Isle of Wight
6,423
47th 2021: 47th
Rutland
2,076

Total companies at the end of 2022 per 1000 Person people

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In Isle of Wight

46.4

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National Average

82.7

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The last 5 years

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

2018

645 formed

442 dissolved

2019

675 formed

449 dissolved

2020

765 formed

398 dissolved

2021

697 formed

563 dissolved

2022

652 formed

481 dissolved

Overall growth compared to previous year

5.32% vs 2018

7.24% vs 2019

3.29% vs 2020

1.6% vs 2021