Company Formations in 2023: Norfolk

???? Businesses formed in Norfolk during 2023

5.4% more companies in Norfolk compared to 2022

New businesses in Norfolk mapped

Breckland 789 formed

Broadland 747 formed

Great Yarmouth 714 formed

King's Lynn and West Norfolk 760 formed

North Norfolk 449 formed

Norwich 1,584 formed

South Norfolk 672 formed

Companies formed in 2023 league table

The counties in England where most companies are formed, and how Norfolk compares.

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
33rd 2022: 34th	Norfolk	5,723

Rank

County

No. Companies formed

Rank	County	No. Companies formed
20th 2022: 30th	Suffolk	8,934
22nd 2022: 25th	Cambridgeshire	8,677
29th 2022: 28th	Lincolnshire	7,141
33rd 2022: 34th	Norfolk	5,723

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 people

In Norfolk

6.7

National Average

14.2

Type of companies formed in Norfolk breakdown

96% Private Limited Companies (5,515 companies)

4% Other company types (208 companies)

Limited Liability Partnership (LLP) 8.7% (18 companies)
Company Limited by Guarantee 52.9% (110 companies)
Limited Partnership 1.0% (2 companies)
Community Interest Company 26.9% (56 companies)
Other 10.6% (22 companies)

Other company types breakdown (208 companies)

Total companies in Norfolk by the end of 2023

????

Businesses formed in Norfolk during 2023

????

Businesses dissolved in Norfolk during 2023

meaning there is a total of

48,437

businesses registered in Norfolk at the end of 2023.

5.4% more companies in Norfolk compared to 2022

Surrounding counties 2023 breakdown & comparison

Cambridgeshire

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

Suffolk

51,083 total businesses
8,934 formed in 2023
5,140 dissolved in 2023

Lincolnshire

54,523 total businesses
7,141 formed in 2023
6,286 dissolved in 2023

Norfolk

48,437 total businesses
5,723 formed in 2023
4,620 dissolved in 2023

Ward breakdown data for

Ward

Dissolutions

Incorporations

Net Change

Ward	Dissolutions	Incorporations	Net Change
All Saints & Wayland	23	31	8
Ashill	8	9	1
Attleborough Burgh & Haverscroft	18	46	28
Attleborough Queens & Besthorpe	32	53	21
Bedingfeld	7	13	6
Dereham Neatherd	51	57	6
Dereham Toftwood	15	18	3
Dereham Withburga	18	24	6
Forest	10	16	6
Great Witchingham	20	14	-6
Guiltcross	13	19	6
Harling & Heathlands	9	11	2
Hermitage	8	11	3
Launditch	8	12	4
Lincoln	23	20	-3
Mattishall	23	32	9
Nar Valley	14	9	-5
Necton	6	7	1
Saham Toney	12	20	8
Shipdham-with-Scarning	24	33	9
Swaffham	57	77	20
The Buckenhams & Banham	10	18	8
Thetford Boudica	20	19	-1
Thetford Burrell	33	31	-2
Thetford Castle	39	72	33
Thetford Priory	28	60	32
Upper Wensum	23	24	1
Watton	25	47	22

Ward

Dissolutions

Incorporations

Net Change

Ward	Dissolutions	Incorporations	Net Change
Acle	24	16	-8
Aylsham	18	63	45
Blofield with South Walsham	21	31	10
Brundall	47	65	18
Burlingham	9	12	3
Buxton	16	12	-4
Coltishall	12	10	-2
Cringleford	31	48	17
Drayton North	6	15	9
Drayton South	7	6	-1
Eynesford	4	12	8
Fleggburgh	14	10	-4
Great Witchingham	20	14	-6
Hellesdon North West	25	24	-1
Hellesdon South East	33	36	3
Hevingham	12	14	2
Horsford and Felthorpe	10	23	13
Marshes	7	8	1
Old Catton and Sprowston West	26	23	-3
Plumstead	18	13	-5
Reepham	12	10	-2
Spixworth with St Faiths	18	18	0
Sprowston Central	14	24	10
Sprowston East	21	61	40
Taverham North	26	22	-4
Taverham South	16	20	4
Thorpe St Andrew North West	22	34	12
Thorpe St Andrew South East	105	125	20
Upper Wensum	23	24	1
Wroxham	25	36	11

Ward

Dissolutions

Incorporations

Net Change

Ward	Dissolutions	Incorporations	Net Change
Bradwell North	19	14	-5
Bradwell South and Hopton	19	27	8
Caister North	16	11	-5
Caister South	9	25	16
Central and Northgate	155	175	20
Claydon	28	41	13
East Flegg	9	14	5
Fleggburgh	14	10	-4
Gorleston	59	46	-13
Lothingland	20	16	-4
Magdalen	12	15	3
Nelson	145	204	59
Ormesby	17	26	9
Southtown and Cobholm	48	55	7
St Andrews	39	49	10
West Flegg	14	34	20
Yarmouth North	6	11	5

Ward

Dissolutions

Incorporations

Net Change

Ward	Dissolutions	Incorporations	Net Change
Airfield	25	22	-3
Brancaster		4	4
Burnham	4	6	2
Clenchwarton	2	5	3
Denton	31	32	1
Dersingham	8	13	5
Docking	3	7	4
Downham Old Town	14	30	16
East Downham	2	8	6
Emneth with Outwell	15	18	3
Fairstead	12	23	11
Gayton	6	9	3
Gaywood Chase	16	31	15
Gaywood North Bank	7	23	16
Grimston	9	7	-2
Heacham	9	12	3
Hilgay with Denver	10	11	1
Hunstanton	18	21	3
Mershe Lande	17	10	-7
North Downham	8	8	0
North Lynn	38	44	6
North Wootton	10	2	-8
Old Gaywood	3	7	4
Priory	23	26	3
Rudham	5	14	9
Snettisham	10	11	1
South and West Lynn	32	49	17
South Downham	5	9	4
South Wootton	13	16	3
Spellowfields	14	12	-2
Springwood	10	14	4
St Lawrence	6	13	7
St Margarets with St Nicholas	124	143	19
Upwell and Delph	14	30	16
Valley Hill	15	15	0
Walpole	8	11	3
Walton	7	10	3
Watlington	6	8	2
West Winch	8	22	14
Wiggenhall	5	3	-2
Wimbotsham with Fincham	9	10	1
Wissey	4	5	1

Ward

Dissolutions

Incorporations

Net Change

Ward	Dissolutions	Incorporations	Net Change
Astley	7	9	2
Briston	8	6	-2
Chaucer	7	15	8
Corpusty	3	4	1
Cromer Town	14	36	22
Erpingham	11	10	-1
Gaunt	4	7	3
Glaven Valley	7	8	1
Happisburgh	7	10	3
High Heath	7	11	4
Holt	25	25	0
Hoveton	10	13	3
Lancaster North	14	19	5
Lancaster South	15	27	12
Mundesley	12	10	-2
North Walsham East	14	12	-2
North Walsham North	6	19	13
North Walsham West	18	23	5
Poppyland		10	10
Priory	23	26	3
Roughton	5	6	1
Scottow	16	9	-7
Sheringham North	19	20	1
Sheringham South	10	12	2
St Benet	3	8	5
Stalham and Sutton	15	19	4
Suffield Park	12	5	-7
The Raynhams	9	15	6
The Runtons	6	12	6
Walsingham	8	6	-2
Waterside	23	30	7
Waxham	10	7	-3
Wensum	53	107	54
Worstead	15	8	-7

Ward

Dissolutions

Incorporations

Net Change

Ward	Dissolutions	Incorporations	Net Change
Bowthorpe	49	88	39
Catton Grove	83	112	29
Crome	36	55	19
Eaton	26	30	4
Lakenham	44	42	-2
Mancroft	535	333	-202
Mile Cross	46	84	38
Nelson	145	204	59
Sewell	57	95	38
Thorpe Hamlet	403	468	65
Town Close	43	66	23
University	31	49	18
Wensum	53	107	54

Ward

Dissolutions

Incorporations

Net Change

Ward	Dissolutions	Incorporations	Net Change
Abbey	24	26	2
Beck Vale	8	5	-3
Bressingham and Burston	12	10	-2
Brooke	23	14	-9
Bunwell	9	14	5
Chedgrave and Thurton	9	11	2
Cringleford	31	48	17
Cromwells	11	21	10
Dickleburgh	8	7	-1
Diss	45	66	21
Ditchingham and Broome	10	14	4
Earsham	10	11	1
Easton	10	16	6
Forncett	10	17	7
Gillingham	13	10	-3
Great Witchingham	20	14	-6
Harleston	28	29	1
Hempnall	6	10	4
Hethersett	21	30	9
Hingham and Deopham	5	10	5
Loddon	12	24	12
Mulbarton	16	28	12
New Costessey	12	24	12
Newton Flotman	3	11	8
Northfields	7	5	-2
Old Costessey	43	66	23
Poringland with the Framinghams	19	17	-2
Rockland	15	16	1
Roydon	2	6	4
Rustens	15	24	9
Scole	6	6	0
Stoke Holy Cross	7	17	10
Stratton	29	23	-6
Tasburgh	6	4	-2
Thurlton	5	10	5
Town	6	9	3
Wicklewood	8	13	5

Total companies 2023 league table

The counties in England where the most existing companies were based at the end of 2023 and how Norfolk compares to them.

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
33rd 2022: 33rd	Norfolk	48,437

Rank

County

Total companies

Rank	County	Total companies
24th 2022: 26th	Cambridgeshire	60,023
28th 2022: 28th	Lincolnshire	54,523
32nd 2022: 34th	Suffolk	51,083
33rd 2022: 33rd	Norfolk	48,437

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 people

In Norfolk

56.4

National Average

86.6

The last 5 years

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

2019

4,731 formed

3,854 dissolved

2020

5,006 formed

3,246 dissolved

2021

5,214 formed

4,179 dissolved

2022

5,384 formed

4,082 dissolved

2023

5,723 formed

4,620 dissolved

Overall growth compared to previous year

5.84% vs 2019

5.5% vs 2020

5.79% vs 2021

5.4% vs 2022

Company Formations in 2023: Norfolk

New businesses in Norfolk mapped

Companies formed in 2023 league table

New incorporations in 2023 per 1000 people

In Norfolk

National Average

Type of companies formed in Norfolk breakdown

Total companies in Norfolk by the end of 2023

meaning there is a total of

Surrounding counties 2023 breakdown & comparison

Ward breakdown data for Breckland Broadland Great Yarmouth King's Lynn and West Norfolk North Norfolk Norwich South Norfolk

Total companies 2023 league table

Total companies at the end of 2023 per 1000 people

In Norfolk

National Average

The last 5 years

Ward breakdown data for