68,766 new UK companies in September: who's starting up, and who isn't
68,766 new companies were registered in the UK in September. Hi, I'm Lewis. I work with the new company data that comes off Companies House every day, mostly helping people who sell to brand new businesses find them early. Every month I pull out what's changed, and this month there's a fair bit. The headline That's around 2,300 a day. Up 17% on August, which is usually quiet with folk away, and…
In September, 68,766 new companies were registered in the UK, marking a 17% increase compared to the quiet month of August and a 4% decrease from the previous September. So far in 2022, 592,743 companies have been registered, with March being the busiest month (73,470) and August the quietest (58,697).
The majority of new businesses are in the software sector, with a 64% increase from the same period last year. This includes web and software firms up 6,882, online retail up 18%, and education and training up 11%. Other industries seeing growth include plumbing and heating (20%) and architecture and engineering (12%).
However, there are some declines in certain sectors. Landlords, who represent the single largest trade, saw a 21% drop in new companies compared to last year. Property management is down 16%, recruitment is down 18%, and new accountancy practices are down 12%.
For those who sell to landlords, it's worth noting that there are fewer new landowners than a year ago, so targeting those that are starting up sooner may be beneficial. It's important to remember that the Companies House register only includes companies that are still operational, which can make the rise in numbers appear more significant than it is and the declines appear smaller.
Written by urgent.news from Dev.to's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
