Firms opening and closing

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 May 2020, 470 firms have opened, and in the 12 months to end of March 2020, 620 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 end of February 2020.

Date(s) Open Closed
May 2020 25 -
April 2020 19 -
March 2020 40 56
February 2020 31 25
January 2020 41 32
December 2019 16 74
November 2019 50 35
October 2019 39 68
September 2019 56 104
August 2019 56 42
July 2019 49 38
June 2019 48 56
May 2019 54 48
April 2019 44 42
March 2019 54 70
February 2019 42 64
January 2019 45 23
December 2018 25 43
November 2018 51 35
October 2018 43 77
September 2018 59 119
August 2018 54 33
July 2018 70 34
June 2018 62 59