Business Demography
Births and Deaths increase between 2006 and 2007
Business Demography, Births and Deaths
There was an 18.0 per cent increase in business 'births' in the UK between 2006 and 2007. There were 302,000 births in 2007, a birth rate of 13.1 per cent compared with 2006 when there were 256,000 births, a birth rate of 11.6 per cent.
There were provisionally 228,000 business 'deaths' in 2007, a death rate of 9.9 per cent. This compares with 209,000 business deaths in 2006 and a death rate of 9.5 per cent. This gives an increase in business deaths between 2006 and 2007 of 9.2 per cent.
The distribution of business births and deaths by broad industry group shows the highest number and rate of births occurred in property & business services with more than 139,000 births and a rate of 17.1 per cent. The highest number of business deaths also occurred in the same industry group, with nearly 88,000, a death rate of 10.8 per cent. The highest business death rate occurred in hotels & catering with over 22,000 business deaths, a death rate of 13.3 per cent.
Within the regions London had the highest business birth and death rates at 16.5 per cent and 11.8 per cent respectively. Northern Ireland had the lowest birth and death rates at 10.3 per cent and 6.9 per cent respectively.
There were 2.3 million active businesses in the UK during 2007, compared with 2.2 million in 2006.
Notes: In order to provide an early estimate of deaths, an adjustment has been made to the 2006 and 2007 deaths figure to allow for reactivations. These figures are provisional and subject to revision.
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Business Demography