SMALL BIZ INFO & RESOURCES
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Small Business Trends Radio Tuesdays, 1:00 PM Eastern U.S. time on Voice America network
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November 1st: Torsten Jacobi, CEO of Creative Weblogging, joins host Anita Campbell. Sponsored by Six Disciplines. Show details.
Monday, August 29, 2005
Latest UK SME Statistics
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.
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.