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Count of deaths of enterprises (541) Metric type

URI
http://id.esd.org.uk/metricType/541
Help text
This is the number of deaths of enterprises in the area. A death is defined as a business that was on the active file in year t, but was no longer present in the active file in t+1 and t+2. In order to provide an early estimate of deaths an adjustment has been made to the latest two years deaths to allow for reactivations. These figures are provisional and subject to revision.

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.

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 deaths of enterprises
Status
Live
Output precision
0
Polarity
a low value is good
Measure
Count
Dataset
Deaths of enterprises
Collection
Business Demography
Source
Office for National Statistics
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