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Wales sees huge surge in start-ups
Western Mail
|September 03, 2025
THE number of new businesses set up in Wales rose by just over a quarter in July compared with a year earlier, according to new research from restructuring, turnaround and insolvency trade body R3
It also shows that firms becoming insolvent fell by nearly a fifth (19.7%).
‘The data, provided for R3 by Creditsafe, reveals that 2,035 new businesses were set up in Wales in July ~ a 25.3% rise on the 1,624 in July 2024.
Over the same period, the number of insolvency-related activities - which includes liquidator and administrator appointments and creditors’ meetings - fell from 71 to 57.
Bethan Evans, chair of R3 in Wales, said: “These figures suggest growing confidence in the Welsh business community.
This story is from the September 03, 2025 edition of Western Mail.
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