Record year for company start-ups in Nottinghamshire

A total of 9,235 new formations were registered in Nottinghamshire during the last 12 months, an increase of 4.8 per cent on 2021 when 8,810 were recorded. This brings the number of registered companies in the county to an all-time high of 62,142.

The statistics are taken from the Inform Direct review of company formations, using data from Companies House and the Office for National Statistics.

Nottingham formed the highest number of new businesses, at 3,612, followed by Mansfield, with 1,060, and Rushcliffe, 828.

John Korchak, Inform Direct managing director, said: “It is great Nottinghamshire can celebrate a record year for the number of new businesses established.

“The last few years have been turbulent for businesses, with inflation and a cautious economic outlook following the impact of the pandemic. However, in these figures we see evidence of the ambition, creativity and resilience of entrepreneurs in Nottinghamshire, as well as the benefits from the county’s support for a range of enterprises.

“This positivity is mirrored in the overall picture for the UK which saw a record number of new companies established during 2022, exceeding 800,000 for the very first time.”

The UK saw 805,141 new companies, compared to 771,617 in 2021, which represents an increase of 4.3 per cent and brings the total number of companies to 5,236,227.

Dissolutions of UK companies totalled 578,679, down on 2021 when 606,912 were recorded, suggesting that new and existing businesses are adapting to survive in a post-pandemic business environment.”

To see a more detailed picture of company formations in Nottinghamshire – including a full local breakdown, see informdirect.co.uk/company-formations-2022/nottinghamshire

To see the report in full, visit informdirect.co.uk/company-formations-2022

Inform Direct is a company secretarial and formation specialist. Its award-winning company secretarial and formations software currently supports 300,000 UK companies.