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 December 2020, 426 firms have opened, and in the 12 months to end of October 2020, 539 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 August 2020.

Date(s) Open Closed
December 2020 41 -
November 2020 47 -
October 2020 39 55
September 2020 43 78
August 2020 30 29
July 2020 38 16
June 2020 37 49
May 2020 25 26
April 2020 21 37
March 2020 37 68
February 2020 26 27
January 2020 42 40
December 2019 17 74
November 2019 49 40
October 2019 40 70
September 2019 55 106
August 2019 56 42
July 2019 49 39
June 2019 48 58
May 2019 54 50
April 2019 45 44
March 2019 54 74
February 2019 42 64
January 2019 45 24
December 2018 25 43
November 2018 51 36
October 2018 43 78