Scottish Company Formations 2023: State of Business

Last updated: 19 hours ago

40,731
New companies in 2023
Year-on-year change
2023: 40,731 vs 2022: 36,504
+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 4,163 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 8.3%
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 2,175
Take-away food shops and mobile food stands 1,849
Buying and selling of own real estate 1,539
Management consultancy activities other than financial management 1,521
Hairdressing and other beauty treatment 1,024
Other business support service activities n.e.c. 1,001
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 1,819 Glasgow & Clyde Valley
EH7 1,207 Edinburgh & Lothians
G3 1,201 Glasgow & Clyde Valley
EH3 938 Edinburgh & Lothians
EH2 933 Edinburgh & Lothians
EH6 771 Edinburgh & Lothians
ML1 577 Lanarkshire
ML3 528 Lanarkshire
G41 513 Glasgow & Clyde Valley
G1 496 Glasgow & Clyde Valley

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