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Company Formations in 2024: Tyne and Wear

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???? Businesses formed in Tyne and Wear during 2024

3.0% more companies in Tyne and Wear compared to 2023

New businesses in Tyne and Wear mapped

Gateshead 1,450 formed

Newcastle upon Tyne 2,758 formed

North Tyneside 1,342 formed

South Tyneside 944 formed

Sunderland 1,764 formed

Companies formed in 2024 league table

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

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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
21st 2023: 24th
Tyne and Wear
8,269
Rank
County
No. Companies formed
Rank County No. Companies formed
19th 2023: 18th
North Yorkshire
8,830
21st 2023: 24th
Tyne and Wear
8,269
33rd 2023: 34th
Durham
5,616
44th 2023: 43rd
Cumbria
2,453
45th 2023: 45th
Northumberland
1,577
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

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In Tyne and Wear

7.2

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National Average

12.5

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Type of companies formed in Tyne and Wear breakdown

96% Private Limited Companies (7,963 companies)

4% Other company types (306 companies)

Other company types breakdown (306 companies)

Total companies in Tyne and Wear by the end of 2024

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Businesses formed in Tyne and Wear during 2024

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Businesses dissolved in Tyne and Wear during 2024

meaning there is a total of

54,971

businesses registered in Tyne and Wear at the end of 2024.

3.0% more companies in Tyne and Wear compared to 2023

Surrounding counties 2024 breakdown & comparison

Cumbria

24,059 total businesses
2,453 formed in 2024
2,158 dissolved in 2024

North Yorkshire

67,293 total businesses
8,830 formed in 2024
6,463 dissolved in 2024

Durham

38,779 total businesses
5,616 formed in 2024
4,370 dissolved in 2024

Northumberland

13,228 total businesses
1,577 formed in 2024
1,272 dissolved in 2024

Tyne and Wear

54,971 total businesses
8,269 formed in 2024
6,582 dissolved in 2024

NorthumberlandTyne andWearNorthYorkshireCumbriaDurham

Ward breakdown data for

Ward
Dissolutions
Incorporations
Net Change
Ward Dissolutions Incorporations Net Change
Birtley
65
78
13
Blaydon
49
69
20
Bridges
131
139
8
Chopwell and Rowlands Gill
25
33
8
Chowdene
18
23
5
Crawcrook and Greenside
33
31
-2
Deckham
27
63
36
Dene
44
54
10
Dunston and Teams
86
102
16
Dunston Hill and Whickham East
28
37
9
Fellgate and Hedworth
28
62
34
Felling
48
47
-1
High Fell
33
36
3
Lamesley
164
196
32
Lobley Hill and Bensham
111
175
64
Low Fell
36
48
12
Pelaw and Heworth
39
33
-6
Ryton Crookhill and Stella
43
46
3
Saltwell
81
88
7
Wardley and Leam Lane
20
20
0
Whickham North
44
79
35
Whickham South and Sunniside
20
37
17
Windy Nook and Whitehills
19
23
4
Winlaton and High Spen
32
47
15
Ward
Dissolutions
Incorporations
Net Change
Ward Dissolutions Incorporations Net Change
Benwell and Scotswood
98
116
18
Blakelaw
61
95
34
Byker
80
148
68
Castle
108
147
39
Dene
44
54
10
Denton
32
48
16
East Gosforth
37
45
8
Elswick
289
359
70
Fawdon
39
36
-3
Fenham
72
110
38
Kenton
87
68
-19
Lemington
38
51
13
Newburn
37
61
24
North Heaton
46
51
5
North Jesmond
40
51
11
Ouseburn
89
85
-4
Parklands
49
48
-1
South Heaton
64
108
44
South Jesmond
108
136
28
Walker
42
39
-3
Walkergate
32
39
7
West Gosforth
205
141
-64
Westerhope
30
39
9
Westgate
406
490
84
Wingrove
169
180
11
Woolsington
72
69
-3
Ward
Dissolutions
Incorporations
Net Change
Ward Dissolutions Incorporations Net Change
Battle Hill
40
30
-10
Benton
28
35
7
Camperdown
27
52
25
Chirton
53
64
11
Collingwood
114
109
-5
Cullercoats
29
26
-3
Howdon
36
37
1
Killingworth
40
48
8
Longbenton
68
63
-5
Monkseaton North
32
36
4
Monkseaton South
31
50
19
Northumberland
16
14
-2
Preston
41
28
-13
Riverside
95
148
53
St Mary's
31
38
7
Tynemouth
96
172
76
Valley
60
74
14
Wallsend
118
135
17
Weetslade
28
56
28
Whitley Bay
99
127
28
Ward
Dissolutions
Incorporations
Net Change
Ward Dissolutions Incorporations Net Change
Beacon and Bents
76
111
35
Bede
32
31
-1
Biddick and All Saints
22
32
10
Boldon Colliery
51
62
11
Cleadon and East Boldon
54
66
12
Cleadon Park
29
33
4
Fellgate and Hedworth
28
62
34
Harton
56
57
1
Hebburn North
28
44
16
Hebburn South
30
25
-5
Horsley Hill
21
46
25
Monkton
38
40
2
Primrose
43
72
29
Simonside and Rekendyke
58
86
28
West Park
40
45
5
Westoe
35
56
21
Whitburn and Marsden
23
38
15
Whiteleas
27
38
11
Ward
Dissolutions
Incorporations
Net Change
Ward Dissolutions Incorporations Net Change
Barnes
40
50
10
Castle
108
147
39
Copt Hill
33
60
27
Doxford
49
41
-8
Fulwell
48
53
5
Hendon
112
218
106
Hetton
58
57
-1
Houghton
44
82
38
Millfield
96
162
66
Pallion
34
49
15
Redhill
33
40
7
Ryhope
46
41
-5
Sandhill
29
36
7
Shiney Row
36
46
10
Silksworth
28
41
13
Southwick
68
75
7
St Anne's
35
54
19
St Chad's
15
38
23
St Michael's
137
167
30
St Peter's
55
85
30
Washington Central
30
43
13
Washington East
46
58
12
Washington North
63
59
-4
Washington South
24
53
29
Washington West
56
100
44

Total companies 2024 league table

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

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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
31st 2023: 30th
Tyne and Wear
54,971
Rank
County
Total companies
Rank County Total companies
18th 2023: 18th
North Yorkshire
67,293
31st 2023: 30th
Tyne and Wear
54,971
38th 2023: 38th
Durham
38,779
43rd 2023: 43rd
Cumbria
24,059
45th 2023: 45th
Northumberland
13,228
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

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In Tyne and Wear

48.1

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National Average

83.4

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The last 5 years

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

2020

7,867 formed

4,475 dissolved

2021

7,623 formed

6,425 dissolved

2022

7,838 formed

5,650 dissolved

2023

8,274 formed

6,624 dissolved

2024

8,269 formed

6,582 dissolved

Overall growth compared to previous year

3.09% vs 2020

4.82% vs 2021

3.39% vs 2022

3.0% vs 2023