UK Businesses: 99.9% are SMEs with under 250 staff
UKPulse Money Desk
Small and medium-sized enterprises (SMEs) represent 99.9% of all businesses in the UK, according to new information.
- SMEs account for 99.9% of UK businesses.
- SMEs are defined as having fewer than 250 staff.
- SMEs have an annual turnover of less than or equal to £44 million.
Small and medium-sized enterprises (SMEs) constitute 99.9% of all businesses across the UK. These firms are characterised by having fewer than 250 employees and an annual turnover of £44 million or less.
The definition highlights the significant proportion of the UK's business landscape made up of these smaller and mid-sized entities.