New Startup Index 2024
In collaboration with NatWest, we examine the state of business creation across the UK in 2024.

Despite a decline in new incorporations, the total number of active companies reached a record high of 5.63m. In 2024, 846k businesses were registered, with London accounting for the highest number of incorporations at 286k.
Sectoral trends highlight growth in real estate, professional services, and technology. Incorporations in real estate-related activities saw the largest increases, while professional services and technology continued to expand.
The report also explores gender representation in new businesses. Companies with all-female directors comprised 20.9% of incorporations, with mixed-gender boards increasing slightly to 11.3%.
Explore the report for insights into incorporation trends, sector activity, and regional developments shaping the UK’s business landscape.
Inside the report


About the authors
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Henry Whorwood Managing Director
Henry leads our Research & Consultancy team, and is an expert on equity finance and high-growth business. He's worked on briefs for the likes of Barclays, SyndicateRoom, Innovate UK, Smith & Williamson and British Business Bank. He regularly gives presentations on market trends at events around the UK.
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Callum Newton Senior Res&Con Associate
Callum is a Senior Research & Consultancy Associate, responsible for leading on the team's public sector work. Before joining Beauhurst, Callum was a Senior Researcher at Westminster-based think-tank Onward focusing on ‘Levelling Up’ policy. He was also a Consultant in Portland Communication’s specialist Litigation & Disputes practice.
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Hannah Nicholls Designer
Hannah produces graphic design and data visualisation for the Research & Consultancy team. Since receiving a BA (Hons) in Graphic Design Communications from Chelsea College of Arts (University of the Arts London), Hannah has accumulated over 10+ years of experience within the design industry and has specialised in data visualisation for the last 3+ years.
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Miraj Mistry Research Manager
Miraj handles project management and data analysis. Miraj recently joined Beauhurst, his previous role was with an economic consultancy who specialise in providing socio-economic research and analysis to support infrastructure and transport projects. He holds an MSc in economics from the University of Bristol and a BSc from the University of Leeds.
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