The number of new company formations in Wiltshire fell during 2018, against a national trend of increased new business formations.

New companies registered in the county totalled, 4,348, compared to 5,227 in 2017, a decrease of 16.8%.

This brings the total number of registered companies in Wiltshire to 36,714, down from 36,977 at the end of 2017, a decline of 0.7%.

The statistics come from the Inform Direct Review of UK Company Formations using data from Companies House and the Office for National Statistics.

John Korchak, Director of Operations at Inform Direct said: “The figures demonstrate a fall in the number of new company formations and in existing businesses in Wiltshire during 2018.

“This may be the result of a number of different factors, including a background of political and economic uncertainty surrounding Brexit. There were also particular local factors, with a high proportion of companies formed by a few agents in 2016 continuing to be dissolved in 2018 following a more significant fall in 2017.”

Across the UK as a whole, a record number of new companies were formed– 669,855 compared with 634,116 in 2017.

The number of registered companies in the UK also continued to grow, ending the year with a total of 4,308,022.

https://www.informdirect.co.uk/company-formations-2018/

 

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