SME summary of 2015

As the number of private sector businesses have reached a record of 5.4 million, we look at how they have grown.

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SME summary of 2015

As the number of private sector businesses have reached a record of 5.4 million, we look at how they have grown.

• 99% - small businesses account for 99.3% of all private sector businesses
• 1.9 million increase in the number of businesses since 2000
• 1 in 4 firms report revenue growth in the last three months of 2015 – the highest since 2010
• 1.8 million combined annual turnover of SMEs
• 47% - SMEs account for 47% of private sector turnover in the UK

The overall business population includes three main legal forms:

• 5.3 million business population
  • 8% - 436,000 ordinary partnerships
  • 30% - 1.6 million companies
  • 62% - 3.3 million sole proprietorships

60% - small and medium-sized enterprises (SMEs) accounted for more than half of employment in the UK

15.6 million - the number of staff employed by SMEs

Sources:
• http://www.fsb.org.uk/media-centre/small-business-statistics
• http://webarchive.nationalarchives.gov.uk/+/http://stats.bis.gov.uk/ed/sme/Stats_Press_release_2009.pdf
• https://www.gov.uk/government/publications/small-business-survey-2014-data-for-all-businesses
• http://www.fsb.org.uk/docs/default-source/fsb-org-uk/fsb-small-business-index-(sbi)-q4-2015a67087ba4fa86562a286ff0000dc48fe.pdf?