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Number of business births (quarterly) (20597) Metric type
- Help text
- This is the number of new enterprises, also known as business births, in the area for the quarter. Business creations are new enterprise entries in the Inter-Departmental Business Register (IDBR). Enterprises are added to the IDBR when a new business is identified from administrative sources (usually the Value Added Tax (VAT) or Pay As You Earn (PAYE) systems).
An enterprise can be defined as the smallest combination of legal units that is an organisational unit producing goods or services, that benefits from a certain degree of autonomy in decision-making, especially for the allocation of its current resources. An enterprise carries out one or more activities at one or more locations. An enterprise may also be a sole legal unit.
Business creations for this data are based on the date on which the action occurs on the IDBR. Data is extracted from the IDBR quarterly and may be subject to revison. The date a business is added to the IDBR is generally on the same day, or within a few days, of the legal creation of the business as a company with Companies House. However, this can be several weeks after the effective birth of the business.
An unspecified geography category has been introduced to deal with the distorting effect of multiple registrations at the same site. These apply where there are 250 plus creations or closures at the same postcode. Any creations or closures that happen at one of these postcodes are taken out of their geography and placed into the unspecified category. These cases still count towards the UK totals and may account for up to 4 per cent of the overall total.
Figures for each period are rounded independently to the nearest 5 using controlled rounding.
The ONS statistics presented are "Experimental Statistics", so care needs to be taken when interpreting them. Care should be taken interpretating figures for a single period, therefore the annual business demography publication, is a more accurate reflection of business births and deaths.
- Modified
- 09 Aug 2023
- Data last updated
- 07 Feb 2024
- Short label
- No. of business births (quarterly)
- Status
- Live
- Output precision
- 0
- Polarity
- a high value is good
- Measure
- Count
- Dataset
- Business births
- Source
- Office for National Statistics
- is found in the following lists
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