Micro Business Statistics 2019

1 year ago
555

Micro Business Statistics 2019 (UK)

Micro businesses are a significant contributor to the UK economy. But just how many of them are they? We took a look at the numbers and compiled micro business statistics related to the UK.

What is a micro business?

Let’s start with a bit of housekeeping.

The most commonly accepted definition of a micro business is one that has between 0 and 9 employees. Generally, micro businesses are defined by staffing levels rather than turnover.

How many micro businesses are there in the UK?

According to the most recent government figures, the overwhelming majority of the UK’s 5,667,510 business are micro businesses.

  • 4,278,225 UK businesses have no employees (so are simply run by the owners)
  • A further 1,137,290 have between 1 and 9 employees

So in all, there are 5,415,515 micro businesses in the UK. That amounts to an astonishing 95.6% of all of the UK’s businesses.

How Many People are Employed by Micro Businesses?

In the UK, as of the 2018 estimates, there are 8.8 million people working in micro businesses (included 0 employee owner managed businesses). That accounts for around 30% of jobs.

So owner managed businesses and micro businesses employing up to 9 people are incredibly valuable to the UK economy.

How has the number of micro businesses changed over time?

Since 2010, the number of micro businesses in the UK has increased from 4.2 million to 5.4 million (including 0 employee businesses).

Leave a Reply

Your email address will not be published. Required fields are marked *

Don't be a stranger

Follow Us

Write for us

Share your experience of freelancing or running a micro business.

Recent Articles

Get up to speed

IR35 Freelance Tax Changes Confirmed for April 2021

IR35 reforms were set to take place in April this year, affecting freelancers in a variety of industries and sectors. However due to the effects of the Coronavirus pandemic, the government has now decided to defer these changes for 12...

2

Social Distancing in the Office During Coronavirus

3

How to Check Your Keyword Rankings for SEO

4

Small Business Measures to Help UK Businesses During Coronavirus

5

75% of the UK’s Self Employed Use Personal Mobiles for Business

6

Tax Return Statistics – How Many Are Submitting Late?

7

HMRC Announces Update to IR35

8

Do Standing Desks Actually Offer ANY Health Benefits?