Scottish Company Formations 2023: State of Business

Last updated: 22 hours ago

40,730
New companies in 2023
Year-on-year change
2023: 40,730 vs 2022: 36,497
+11.6% YoY
Monthly average
3,394

Monthly Breakdown

Month New Companies % of Year Total
January 3,299 8.1%
February 3,517 8.6%
March 4,162 10.2%
April 3,288 8.1%
May 3,436 8.4%
June 3,241 8.0%
July 3,283 8.1%
August 3,600 8.8%
September 3,401 8.4%
October 3,419 8.4%
November 3,397 8.3%
December 2,687 6.6%

Top 10 Industries

Source: Companies House, via Signalyst. Industries based on SIC codes.

Industry New Companies
Other letting and operating of own or leased real estate 2,604
Retail sale via mail order houses or via Internet 2,174
Take-away food shops and mobile food stands 1,849
Buying and selling of own real estate 1,540
Management consultancy activities other than financial management 1,520
Hairdressing and other beauty treatment 1,024
Other business support service activities n.e.c. 1,000
Other service activities n.e.c. 991
Other retail sale not in stores, stalls or markets 856
Information technology consultancy activities 818

Top 10 Postcode Districts

Postcode District New Companies Council Area
G2 1,817 Glasgow & Clyde Valley
EH7 1,217 Edinburgh & Lothians
G3 1,203 Glasgow & Clyde Valley
EH3 940 Edinburgh & Lothians
EH2 936 Edinburgh & Lothians
EH6 769 Edinburgh & Lothians
ML1 578 Lanarkshire
ML3 528 Lanarkshire
G41 513 Glasgow & Clyde Valley
G1 494 Glasgow & Clyde Valley

Data sourced from Companies House. Reproduced under the Open Government Licence v3.0.