Inform Direct Logo

Company Formations in 2024: Isle of Wight

Man holding pagper

???? Businesses formed in Isle of Wight during 2024

2.4% more companies in Isle of Wight compared to 2023

New businesses in Isle of Wight mapped

Isle of Wight 718 formed

Dorset 7,890 formed

Hampshire 14,534 formed

West Sussex 6,467 formed

HampshireDorsetWest SussexIsle ofWight

Companies formed in 2024 league table

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

Man holding trophy
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
46th 2023: 46th
Isle of Wight
718
Rank
County
No. Companies formed
Rank County No. Companies formed
7th 2023: 7th
Hampshire
14,534
24th 2023: 23rd
Dorset
7,890
31st 2023: 31st
West Sussex
6,467
46th 2023: 46th
Isle of Wight
718
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

Briefcase with a sticker stating New

In Isle of Wight

5.1

Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase

National Average

12.5

Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase

Type of companies formed in Isle of Wight breakdown

93% Private Limited Companies (670 companies)

7% Other company types (48 companies)

Other company types breakdown (48 companies)

Total companies in Isle of Wight by the end of 2024

Man shaking hands

????

Businesses formed in Isle of Wight during 2024

Man looking at a graph

????

Businesses dissolved in Isle of Wight during 2024

meaning there is a total of

6,739

businesses registered in Isle of Wight at the end of 2024.

2.4% more companies in Isle of Wight compared to 2023

Surrounding counties 2024 breakdown & comparison

Dorset

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

Hampshire

127,564 total businesses
14,534 formed in 2024
12,968 dissolved in 2024

West Sussex

60,518 total businesses
6,467 formed in 2024
5,606 dissolved in 2024

Isle of Wight

6,739 total businesses
718 formed in 2024
537 dissolved in 2024

HampshireDorsetWest SussexIsle ofWight

Ward breakdown data for

Ward
Dissolutions
Incorporations
Net Change
Ward Dissolutions Incorporations Net Change
Arreton and Newchurch
13
13
0
Binstead and Fishbourne
10
14
4
Brading St Helens and Bembridge
31
53
22
Carisbrooke
9
24
15
Central Wight
18
13
-5
Chale Niton and Whitwell
5
5
0
Cowes Medina
13
19
6
Cowes North
30
34
4
Cowes South and Northwood
13
18
5
Cowes West and Gurnard
17
30
13
East Cowes
10
12
2
Freshwater North
7
7
0
Freshwater South
6
17
11
Godshill and Wroxall
15
14
-1
Havenstreet Ashey and Haylands
15
16
1
Lake North
12
14
2
Lake South
6
9
3
Nettlestone and Seaview
17
21
4
Newport Central
31
58
27
Newport East
12
11
-1
Newport North
22
35
13
Newport South
13
19
6
Newport West
6
6
0
Parkhurst
13
14
1
Ryde East
9
13
4
Ryde North East
13
19
6
Ryde North West
32
23
-9
Ryde South
7
14
7
Ryde West
11
17
6
Sandown North
9
19
10
Sandown South
6
16
10
Shanklin Central
15
10
-5
Shanklin South
19
19
0
Totland
7
9
2
Ventnor East
11
24
13
Ventnor West
15
8
-7
West Wight
10
21
11
Whippingham and Osborne
12
18
6
Wootton Bridge
13
11
-2

Total companies 2024 league table

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

Man holding trophy
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
46th 2023: 46th
Isle of Wight
6,739
Rank
County
Total companies
Rank County Total companies
7th 2023: 7th
Hampshire
127,564
21st 2023: 21st
Dorset
63,675
26th 2023: 25th
West Sussex
60,518
46th 2023: 46th
Isle of Wight
6,739
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

Briefcase

In Isle of Wight

47.9

Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase

National Average

83.4

Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase
Small Briefcase

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.

2020

765 formed

398 dissolved

2021

697 formed

563 dissolved

2022

652 formed

481 dissolved

2023

757 formed

588 dissolved

2024

718 formed

537 dissolved

Overall growth compared to previous year

3.29% vs 2020

1.65% vs 2021

2.44% vs 2022

2.4% vs 2023