Transport and storage saw the greatest fall in business registrations during the second quarter of 2023, with a 59% plummet in so-called ‘business births’ during the period, reports Chris Tindall.
An analysis by financial experts Forbes Advisor found just 3,665 companies within the sector were established between April and June this year, compared to 8,950 in the same period in 2022.
This was followed by agriculture and then forestry and fishing.
Overall, UK business registrations dropped by 14% to 77,095 compared to the same period last year.
