10 Micro-Enterprise, SME, Business Factoids

The British are coming… the British are coming…..

1. 95% of UK Businesses can be described as Micro-enterprises (having less than ten employees)
2. UK Micro-Business accounts for nearly one fifth of the economy
3. UK Micro-Businesses generate £613,266m turnover for the UK economy
4. UK small and medium sized enterprise accounts for 99.9% of the total number of all private sector enterprises in the UK
5. UK SME’s accounted for 58.8% of total employment and 48.8% of total turnover in the private sector (2011)
6. London was ranked first place in the 2011 Global Financial Centres Index
7. The UK is one of the world’s leading economies
8. The UK is the world’s sixth largest economy and trading nation
9. The UK has created five of the world’s top twenty best selling medicines
10. UK private sector businesses have risen from 160,000 in the 1950’s to 4.5m

(Image and Article credit: Copyright SUF)