Company Formations in 2023: Suffolk

???? Businesses formed in Suffolk during 2023

11.4% more companies in Suffolk compared to 2022

New businesses in Suffolk mapped

Babergh 552 formed

Forest Heath 3,907 formed

Ipswich 1,866 formed

Mid Suffolk 624 formed

St Edmundsbury 661 formed

Suffolk Coastal 720 formed

Waveney 597 formed

Companies formed in 2023 league table

The counties in England where most companies are formed, and how Suffolk 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
20th 2022: 30th	Suffolk	8,934

Rank

County

No. Companies formed

Rank	County	No. Companies formed
5th 2022: 5th	Essex	20,333
20th 2022: 30th	Suffolk	8,934
22nd 2022: 25th	Cambridgeshire	8,677
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 Suffolk

12.2

National Average

14.2

Type of companies formed in Suffolk breakdown

97% Private Limited Companies (8,633 companies)

3% Other company types (301 companies)

Limited Liability Partnership (LLP) 15.3% (46 companies)
Company Limited by Guarantee 44.9% (135 companies)
Limited Partnership 1.0% (3 companies)
Community Interest Company 34.2% (103 companies)
Other 4.7% (14 companies)

Other company types breakdown (301 companies)

Total companies in Suffolk by the end of 2023

????

Businesses formed in Suffolk during 2023

????

Businesses dissolved in Suffolk during 2023

meaning there is a total of

51,083

businesses registered in Suffolk at the end of 2023.

11.4% more companies in Suffolk 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

Norfolk

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

Suffolk

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

Ward breakdown data for

Ward

Dissolutions

Incorporations

Net Change

Ward	Dissolutions	Incorporations	Net Change
Alton	23	20	-3
Berners	16	21	5
Boxford	10	16	6
Brett Vale	14	7	-7
Brook	29	30	1
Bures St Mary	7	11	4
Chadacre	6	8	2
Dodnash	22	16	-6
Glemsford and Stanstead	14	16	2
Great Cornard North	12	18	6
Great Cornard South	3	17	14
Hadleigh North	92	81	-11
Hadleigh South	9	7	-2
Holbrook	6	5	-1
Lavenham	13	9	-4
Leavenheath	10	30	20
Long Melford	14	17	3
Lower Brett	5	11	6
Mid Samford	16	25	9
Nayland	7	12	5
North Cosford	14	6	-8
Pinewood	13	20	7
South Cosford	9	13	4
Sudbury East	5	14	9
Sudbury North	6	22	16
Sudbury South	67	73	6
Waldingfield	23	27	4

Ward

Dissolutions

Incorporations

Net Change

Ward	Dissolutions	Incorporations	Net Change
All Saints	39	69	30
Bottisham		0	0
Brandon East	19	20	1
Brandon West	15	18	3
Eriswell and The Rows	28	33	5
Exning	10	11	1
Great Heath	765	3485	2720
Iceni	15	15	0
Lakenheath	10	17	7
Manor	12	12	0
Market	23	36	13
Red Lodge	18	38	20
Severals	59	101	42
South	16	19	3
St Mary's	25	33	8

Ward

Dissolutions

Incorporations

Net Change

Ward	Dissolutions	Incorporations	Net Change
Alexandra	543	698	155
Bixley	32	31	-1
Bridge	68	103	35
Castle Hill	67	83	16
Gainsborough	41	77	36
Gipping	151	227	76
Holywells	74	72	-2
Priory Heath	76	115	39
Rushmere	24	30	6
Sprites	19	22	3
St John's	32	45	13
St Margaret's	70	118	48
Stoke Park	16	20	4
Westgate	166	161	-5
Whitehouse	44	77	33
Whitton	38	55	17

Ward

Dissolutions

Incorporations

Net Change

Ward	Dissolutions	Incorporations	Net Change
Bacton and Old Newton	5	7	2
Badwell Ash	7	12	5
Barking and Somersham	6	18	12
Bramford and Blakenham	73	70	-3
Claydon and Barham	21	19	-2
Debenham	15	17	2
Elmswell and Norton	21	21	0
Eye	14	15	1
Fressingfield	6	7	1
Gislingham	8	8	0
Haughley and Wetherden	2	7	5
Helmingham and Coddenham	8	15	7
Hoxne	8	10	2
Mendlesham	7	6	-1
Needham Market	25	27	2
Onehouse	13	8	-5
Palgrave	12	16	4
Rattlesden	6	12	6
Rickinghall and Walsham	24	48	24
Ringshall	11	12	1
Stowmarket Central	16	21	5
Stowmarket North	80	99	19
Stowmarket South	15	14	-1
Stowupland	9	11	2
Stradbroke and Laxfield	12	8	-4
The Stonhams	16	23	7
Thurston and Hessett	13	37	24
Wetheringsett	13	20	7
Woolpit	11	24	13
Worlingworth	8	12	4

Ward

Dissolutions

Incorporations

Net Change

Ward	Dissolutions	Incorporations	Net Change
Abbeygate	49	54	5
Bardwell	12	15	3
Barningham	7	9	2
Barrow	15	15	0
Cavendish	13	10	-3
Chedburgh	5	16	11
Clare	7	10	3
Eastgate	47	29	-18
Fornham	34	35	1
Great Barton	27	26	-1
Haverhill East	34	50	16
Haverhill North	24	34	10
Haverhill South	54	52	-2
Haverhill West	24	22	-2
Horringer and Whelnetham	9	14	5
Hundon	9	16	7
Iceni	15	15	0
Ixworth	6	11	5
Kedington	2	4	2
Minden	25	19	-6
Moreton Hall	61	80	19
Northgate	5	7	2
Pakenham	5	18	13
Risby	9	12	3
Risbygate	32	20	-12
Rougham	7	13	6
Southgate	14	16	2
St Olaves	8	16	8
Stanton	3	5	2
Westgate	166	161	-5
Wickhambrook	8	13	5
Withersfield	12	7	-5

Ward

Dissolutions

Incorporations

Net Change

Ward	Dissolutions	Incorporations	Net Change
Aldeburgh	22	13	-9
Deben	12	11	-1
Felixstowe East	26	14	-12
Felixstowe North	23	31	8
Felixstowe South	85	75	-10
Felixstowe West	27	42	15
Framlingham	42	36	-6
Fynn Valley	19	28	9
Grundisburgh	14	11	-3
Hacheston	22	22	0
Kesgrave East	37	47	10
Kesgrave West	16	26	10
Kirton	11	13	2
Leiston	14	39	25
Martlesham	24	40	16
Melton	30	30	0
Nacton & Purdis Farm	45	45	0
Orford & Eyke	11	12	1
Peasenhall & Yoxford	6	14	8
Rendlesham	11	10	-1
Rushmere	24	30	6
Saxmundham	42	50	8
The Trimleys	14	26	12
Tower	19	20	1
Wenhaston & Westleton	9	10	1
Wickham Market	6	8	2
Woodbridge	50	47	-3

Ward

Dissolutions

Incorporations

Net Change

Ward	Dissolutions	Incorporations	Net Change
Beccles North	24	32	8
Beccles South	10	30	20
Blything	7	13	6
Bungay	18	38	20
Carlton	25	6	-19
Carlton Colville	14	23	9
Gunton and Corton	10	13	3
Halesworth	31	41	10
Harbour	75	78	3
Kessingland	28	33	5
Kirkley	26	31	5
Lothingland	4	5	1
Normanston	57	78	21
Oulton	18	19	1
Oulton Broad	21	16	-5
Pakefield	19	19	0
Southwold and Reydon	17	12	-5
St Margaret's	70	118	48
The Saints	3	10	7
Wainford	5	11	6
Whitton	38	55	17
Worlingham	13	21	8
Wrentham	7	13	6

Total companies 2023 league table

The counties in England where the most existing companies were based at the end of 2023 and how Suffolk 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
32nd 2022: 34th	Suffolk	51,083

Rank

County

Total companies

Rank	County	Total companies
4th 2022: 5th	Essex	153,732
24th 2022: 26th	Cambridgeshire	60,023
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 Suffolk

70.0

National Average

86.6

The last 5 years

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

2019

4,518 formed

3,587 dissolved

2020

5,105 formed

2,963 dissolved

2021

5,445 formed

3,854 dissolved

2022

6,749 formed

3,887 dissolved

2023

8,934 formed

5,140 dissolved

Overall growth compared to previous year

7.04% vs 2019

5.9% vs 2020

9.64% vs 2021

11.4% vs 2022

Company Formations in 2023: Suffolk

New businesses in Suffolk mapped

Companies formed in 2023 league table

New incorporations in 2023 per 1000 people

In Suffolk

National Average

Type of companies formed in Suffolk breakdown

Total companies in Suffolk by the end of 2023

meaning there is a total of

Surrounding counties 2023 breakdown & comparison

Ward breakdown data for Babergh Forest Heath Ipswich Mid Suffolk St Edmundsbury Suffolk Coastal Waveney

Total companies 2023 league table

Total companies at the end of 2023 per 1000 people

In Suffolk

National Average

The last 5 years

Ward breakdown data for