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Count of births of new enterprises (540) Metric type
- Help text
- This is the number of new enterprises, also known as business births, in the area. A birth is identified as a business that was present in year t, but did not exist in year t-1 or t-2. Births are identified by making comparison of annual active business population files and identifying those present in the latest file, but not the two previous ones.
This data is produced from an extract taken from the Inter-Departmental Business Register (IDBR). The publication focuses on changes to the registered business population, that is, those businesses registered at HM Revenue and Customs (HMRC) for Value Added Tax (VAT) and/or Pay-As-You-Earn (PAYE) and at Companies House.
The starting point for business demography is the concept of a population of active businesses in a reference year (t). These are defined as businesses that had either turnover or employment at any time during the reference period. Births and deaths are then identified by comparing active business populations for different years.
A single enterprise could have been "born", gone out of business, and then been "re-born" all within the same year. Each of these births would be counted individually.
Figures for each period are rounded independently to the nearest 5 using controlled rounding.
Quarterly business births and deaths are also available.
- Modified
- 09 Aug 2023
- Data last updated
- 23 Nov 2023
- Short label
- No. of births of new enterprises
- Status
- Live
- Output precision
- 0
- Polarity
- a high value is good
- Measure
- Count
- Dataset
- Births of new enterprises
- Collection
- Business Demography
- Source
- Office for National Statistics
- is found in the following lists
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