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Traction

Data

UK Company Formation Fell 5.7% in H1 2026 Even as Active

UK Company Formation Fell 5.7% in H1 2026 Even as Active

Data

UK company formation is slowing for a structural reason, not a cyclical one: 402,000 businesses incorporated in H1 2026, down 5.7% year-on-year and the second straight half-year decline, while the active business base still hit a record 5.66 million. NatWest and Beauhurst's index points to mandatory identity verification, not doubled filing fees, as the bigger drag.