UK businesses on the increase
22 08 2007 United Kingdom
Latest figures on UK businesses show the number of small firms has risen to nearly 4.5 million
The new Department for Business, Enterprise and Regulatory Reform (successor to the DTI) has published the latest statistics on numbers of small businesses in the UK.
These figures show that the number of business enterprises in the UK increased from 4.3 million at the start of 2005 to 4.5 million at the beginning of last year. This is the highest level since the present records began in 1994.
Medium-sized and large businesses comprise only 33,000 of the UK’s total. Over 99 per cent were small enterprises with less than 50 employees.
These small businesses increased their shares of employment and UK turnover in the previous 12 months. Small enterprises alone accounted for 47.1 per cent of UK employment and 37.2 per cent of turnover.
3.3 million enterprises had no employees, that is firms run by a single owner-manager or companies with only one employee director. The number of sole proprietors has continued to increase, with about one in ten employing staff in their business.
For the ninth successive year the number of companies in the UK has risen, bringing the total to 1.1 million companies.
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