Unit 1 - SOME INTERESTING FACTS

According to The Statistical Bulleting Small and Medium Enterprises (SME) Statistics for the UK 1999:

• Businesses made up of small traders without employees accounted for 3.7m of the companies in 1999
• Only 24000 businesses were medium sized (50 to 249 employees); less than 7000 were large (250 or more)
• Small businesses including those without employees, accounted for 99% of businesses, 45% of non-government employment and (excluding the finance sector) 38% of turnover
• In contrast the 7000 largest businesses accounted for 45% of non government employment and 49% of turnover