Micro Business Statistics 2019
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).
Write for us
Rishi’s Sunak’s Winter Plan: A Guide for Small Businesses
The past 6 months have been extremely turbulent for many small businesses across the UK. The impact of the Coronavirus has been a huge threat for many businesses and support for small to medium enterprises is now more important than...