Regulated population statistics

Number of firms opening and closing February 2018

Statistics on the following page relate to firms with Recognised Sole Practitioner, Recognised Body or Licensed Body (also known as an Alternative Business Structure) status.

Over the 12 months to end of February 2018, 745 firms have opened, and in the 12 months to end of December 2017, 702 firms have closed. The following chart shows the number of firms that have opened or closed in each month. A peak in firm closures is seen around the renewals period each year.

Note that the closure figures have been updated to include all reasons for closure, such as, ceased practising, mergers, splits and change of status. Previous figures reported related only to firms that had ceased practising.  View a breakdown of closure reasons for the 12 month period to January 2018.

Number of firms opening and closing: February 2018

Note the number of firm openings and closures is reported with a delay. This is due to the time taken to process openings and closings, in particular it can take several weeks for the SRA to be notified of and process firm closures.

As a result, formed and closure dates can be back dated and figures reported are subject to change.

Data for number of firms opening and closing February 2018

Percentages and figures in this report may include rounding differences.

Date(s) OpenClosed
February 201849
-
January 201871
-
December 201743
47
November 201771
35
October 201728
72
September 201745
92
August 201767
54
July 201767
37
June 201772
75
May 201773
56
April 201782
77
March 201777
86
February 201755
29
January 201773
42
December 201655
56
November 201693
35
October 201653
117
September 201672
123
August 201651
56
July 201679
46
June 201684
61
May 201685
54
April 201692
91
March 201674
94