Enterprise births and deaths
The starting point for the calculation of business demography data is the concept of active businesses in a reference year. These are defined as businesses that had either turnover or employment at any time during the reference period. New business registrations are referred to as business births and the birth rate is calculated using the number of births as a proportion of the active businesses. Businesses that have ceased to trade (identified through de-registration of the administrative units, that is, VAT and Pay As You Earn (PAYE) are referred to as business deaths. The death rate is calculated using the number of deaths as a proportion of the active businesses.
Contains public sector information licensed under the Open Government Licence v3.0.
Source: Office for National Statistics
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