- Small Business Trends - https://smallbiztrends.com -

Latest UK SME Statistics

UK figures on SMEs

New figures released last week show the largest increase in the UK business population since records began in 1995. Approximately 260,000 more businesses were found to be in operation according to the DTI’s Small Business Service.

The business population totalled 4.3 million last year, compared to around four million at the start of 2003.

The figures also show:

The SBS also provides a full statistical breakdown of the Department of Trade and Industry report:

Almost all of these enterprises (99.3 per cent) were small (0 to 49 employees). Only 26,000 (0.6 per cent) were medium-sized (50 to 249 employees) and 6,000 (0.1 per cent) were large (250 or more employees).

At the start of 2004, UK enterprises employed an estimated 22.0 million people, and had an estimated combined annual turnover of £2,400 billion.

Small and medium-sized enterprises (SMEs) together accounted for more than half of the employment (58.5 per cent) and turnover (51.3 per cent) in the UK.

Small enterprises alone (0 to 49 employees) accounted for 46.8 per cent of employment and 37.0 per cent of turnover.

You can find much more at the U.K. statistical website [1].