Business births up by 8,000 in 2012

The number of new business registrations in the UK increased by 8,000 (3.1 per cent) in 2012, data from the Office for National Statistics (ONS) has shown.

The data reveals that there were 270,000 new business registrations ('births') last year, compared with 261,000 in 2011.

De-registrations - or 'deaths' - grew by 11 per cent to 255,000 between 2011 and 2012.

Other figures from the report include:

  • London had the highest business birth rate at 14.8 per cent - it also had the highest death rate at 11.7 per cent
  • Northern Ireland has the lowest birth rate at seven per cent - it also had the lowest death rate at 9.4 per cent
  • The business administration and support services sector had the highest birth rate at 15 per cent
  • The accommodation and food services industry had the highest death rate at 13.3 per cent
  • The 'five year survival rate' of businesses born in 2007 and still active in 2012 was 44.6 per cent.

The ONS said that while the rate of business deaths increased in 2012, it remained below the rate in 2004.