Inform Direct Logo

Company Formations in 2024: Suffolk

Man holding pagper

???? Businesses formed in Suffolk during 2024

8.3% more companies in Suffolk compared to 2023

New businesses in Suffolk mapped

Babergh 583 formed

Forest Heath 4,478 formed

Ipswich 1,602 formed

Mid Suffolk 535 formed

St Edmundsbury 646 formed

Suffolk Coastal 641 formed

Waveney 590 formed

Companies formed in 2024 league table

The counties in England where most companies are formed, and how Suffolk 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
18th 2023: 20th
Suffolk
9,091
Rank
County
No. Companies formed
Rank County No. Companies formed
5th 2023: 5th
Essex
19,024
18th 2023: 20th
Suffolk
9,091
20th 2023: 22nd
Cambridgeshire
8,588
34th 2023: 33rd
Norfolk
5,434
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 Suffolk

11.8

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

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 Suffolk breakdown

96% Private Limited Companies (8,767 companies)

4% Other company types (324 companies)

Other company types breakdown (324 companies)

Total companies in Suffolk by the end of 2024

Man shaking hands

????

Businesses formed in Suffolk during 2024

Man looking at a graph

????

Businesses dissolved in Suffolk during 2024

meaning there is a total of

55,335

businesses registered in Suffolk at the end of 2024.

8.3% more companies in Suffolk compared to 2023

Surrounding counties 2024 breakdown & comparison

Cambridgeshire

61,973 total businesses
8,588 formed in 2024
6,428 dissolved in 2024

Essex

157,235 total businesses
19,024 formed in 2024
15,914 dissolved in 2024

Norfolk

49,863 total businesses
5,434 formed in 2024
5,069 dissolved in 2024

Suffolk

55,335 total businesses
9,091 formed in 2024
5,970 dissolved in 2024

Ward breakdown data for

Ward
Dissolutions
Incorporations
Net Change
Ward Dissolutions Incorporations Net Change
Alton
29
18
-11
Berners
17
17
0
Boxford
15
17
2
Brett Vale
8
9
1
Brook
25
49
24
Bures St Mary
8
7
-1
Chadacre
11
8
-3
Dodnash
20
18
-2
Glemsford and Stanstead
16
19
3
Great Cornard North
10
23
13
Great Cornard South
10
15
5
Hadleigh North
78
89
11
Hadleigh South
8
6
-2
Holbrook
7
11
4
Lavenham
6
9
3
Leavenheath
16
68
52
Long Melford
14
18
4
Lower Brett
6
6
0
Mid Samford
13
14
1
Nayland
10
6
-4
North Cosford
10
11
1
Pinewood
11
27
16
South Cosford
7
16
9
Sudbury East
14
20
6
Sudbury North
17
16
-1
Sudbury South
54
51
-3
Waldingfield
19
15
-4
Ward
Dissolutions
Incorporations
Net Change
Ward Dissolutions Incorporations Net Change
All Saints
39
72
33
Bottisham
0
0
Brandon East
18
21
3
Brandon West
16
12
-4
Eriswell and The Rows
26
39
13
Exning
9
10
1
Great Heath
1642
4060
2418
Iceni
12
14
2
Lakenheath
17
21
4
Manor
11
9
-2
Market
24
37
13
Red Lodge
22
29
7
Severals
88
93
5
South
15
10
-5
St Mary's
32
51
19
Ward
Dissolutions
Incorporations
Net Change
Ward Dissolutions Incorporations Net Change
Alexandra
511
685
174
Bixley
24
39
15
Bridge
95
65
-30
Castle Hill
47
49
2
Gainsborough
35
42
7
Gipping
148
152
4
Holywells
58
62
4
Priory Heath
83
96
13
Rushmere
32
31
-1
Sprites
19
20
1
St John's
44
35
-9
St Margaret's
83
94
11
Stoke Park
19
21
2
Westgate
130
151
21
Whitehouse
51
56
5
Whitton
51
69
18
Ward
Dissolutions
Incorporations
Net Change
Ward Dissolutions Incorporations Net Change
Bacton and Old Newton
5
8
3
Badwell Ash
10
9
-1
Barking and Somersham
10
15
5
Bramford and Blakenham
59
63
4
Claydon and Barham
23
21
-2
Debenham
7
7
0
Elmswell and Norton
18
20
2
Eye
11
12
1
Fressingfield
9
9
0
Gislingham
9
7
-2
Haughley and Wetherden
6
6
0
Helmingham and Coddenham
13
20
7
Hoxne
12
8
-4
Mendlesham
4
8
4
Needham Market
21
29
8
Onehouse
14
13
-1
Palgrave
13
17
4
Rattlesden
6
8
2
Rickinghall and Walsham
27
29
2
Ringshall
13
11
-2
Stowmarket Central
17
25
8
Stowmarket North
70
89
19
Stowmarket South
9
17
8
Stowupland
2
7
5
Stradbroke and Laxfield
12
4
-8
The Stonhams
14
15
1
Thurston and Hessett
15
24
9
Wetheringsett
15
11
-4
Woolpit
14
13
-1
Worlingworth
8
10
2
Ward
Dissolutions
Incorporations
Net Change
Ward Dissolutions Incorporations Net Change
Abbeygate
41
58
17
Bardwell
4
6
2
Barningham
10
12
2
Barrow
13
15
2
Cavendish
9
7
-2
Chedburgh
7
4
-3
Clare
9
7
-2
Eastgate
32
26
-6
Fornham
35
44
9
Great Barton
37
24
-13
Haverhill East
27
51
24
Haverhill North
25
27
2
Haverhill South
54
47
-7
Haverhill West
15
19
4
Horringer and Whelnetham
11
18
7
Hundon
4
8
4
Iceni
12
14
2
Ixworth
8
10
2
Kedington
4
6
2
Minden
30
20
-10
Moreton Hall
91
109
18
Northgate
3
6
3
Pakenham
12
8
-4
Risby
8
15
7
Risbygate
22
20
-2
Rougham
7
9
2
Southgate
11
12
1
St Olaves
8
12
4
Stanton
7
6
-1
Westgate
130
151
21
Wickhambrook
7
9
2
Withersfield
6
18
12
Ward
Dissolutions
Incorporations
Net Change
Ward Dissolutions Incorporations Net Change
Aldeburgh
21
21
0
Deben
4
10
6
Felixstowe East
16
17
1
Felixstowe North
25
24
-1
Felixstowe South
55
67
12
Felixstowe West
30
36
6
Framlingham
28
32
4
Fynn Valley
20
22
2
Grundisburgh
9
19
10
Hacheston
15
29
14
Kesgrave East
36
25
-11
Kesgrave West
25
11
-14
Kirton
12
9
-3
Leiston
19
18
-1
Martlesham
25
29
4
Melton
36
36
0
Nacton & Purdis Farm
31
33
2
Orford & Eyke
18
13
-5
Peasenhall & Yoxford
9
9
0
Rendlesham
12
11
-1
Rushmere
32
31
-1
Saxmundham
36
40
4
The Trimleys
32
14
-18
Tower
22
25
3
Wenhaston & Westleton
13
20
7
Wickham Market
12
14
2
Woodbridge
39
57
18
Ward
Dissolutions
Incorporations
Net Change
Ward Dissolutions Incorporations Net Change
Beccles North
34
24
-10
Beccles South
17
16
-1
Blything
6
5
-1
Bungay
19
39
20
Carlton
10
7
-3
Carlton Colville
27
21
-6
Gunton and Corton
6
21
15
Halesworth
35
44
9
Harbour
84
81
-3
Kessingland
30
37
7
Kirkley
34
34
0
Lothingland
6
3
-3
Normanston
46
75
29
Oulton
23
21
-2
Oulton Broad
11
19
8
Pakefield
12
21
9
Southwold and Reydon
13
18
5
St Margaret's
83
94
11
The Saints
7
12
5
Wainford
13
14
1
Whitton
51
69
18
Worlingham
10
18
8
Wrentham
4
8
4

Total companies 2024 league table

The counties in England where the most existing companies were based at the end of 2024 and how Suffolk 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
30th 2023: 32nd
Suffolk
55,335
Rank
County
Total companies
Rank County Total companies
5th 2023: 4th
Essex
157,235
23rd 2023: 24th
Cambridgeshire
61,973
30th 2023: 32nd
Suffolk
55,335
33rd 2023: 33rd
Norfolk
49,863
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 Suffolk

72.0

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

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 Suffolk has changed over the last 5 years as new companies have been formed and some existing companies 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

2024

9,091 formed

5,970 dissolved

Overall growth compared to previous year

5.9% vs 2020

9.64% vs 2021

11.37% vs 2022

8.3% vs 2023