London Business Demography 2024
Business demography tracks how a region's stock of enterprises changes — active businesses, new births and closures (deaths). In 2024, London had 595,000 active businesses, 20.8% of the UK total.
Quick answer
London had 595,000 active businesses in 2024 (20.8% of the UK). It recorded 76,000 business births (12.8%) and 61,000 deaths (10.3%), a net gain of 15,000 enterprises. Source: Office for National Statistics, Open Government Licence.
London in context
London's 595,000 active businesses represent 20.8% of the 2,860,000 active businesses across the UK in 2024. Its birth rate of 12.8% compares with a UK-wide birth rate of 11.1%, and its death rate of 10.3% compares with 9.8% nationally.
Compare other regions
| Region / nation | Active businesses |
|---|---|
| South East | 431,000 |
| East of England | 286,000 |
| North West | 284,000 |
| South West | 233,000 |
← See all 12 UK regions and nations
Frequently asked questions
How many active businesses are there in London?
London had 595,000 active businesses in 2024, according to the Office for National Statistics. That is 20.8% of the UK total of 2,860,000 active businesses.
How many businesses opened and closed in London?
In 2024, London recorded 76,000 business births (a birth rate of 12.8%) and 61,000 business deaths (a death rate of 10.3%), a net gain of 15,000 enterprises.
What does "active business" mean here?
An active business is an enterprise that had either turnover or employment at any point during 2024. A birth is a genuinely new enterprise; a death is one that stopped trading and did not reactivate within two years. These are ONS Business demography definitions.
Where does the London data come from?
From "Office for National Statistics — Business demography, UK: 2024", published by the Office for National Statistics (ONS) on 2025-11-20 under the Open Government Licence v3.0 (OGL v3). ONS rounds figures to the nearest thousand, and the regional counts sum to the UK total.
Source: Office for National Statistics — Business demography, UK: 2024, Office for National Statistics (ONS). Released 2025-11-20. ONS bulletin.
Licence: Open Government Licence v3.0 (OGL v3) — Crown copyright. Figures rounded by ONS to the nearest thousand. Regional counts sum to the UK total (verified).
Page last reviewed 2026-06-27.