Business facts and figures (2016): Interesting for those interested in interesting facts and figures…ok!
For citation purposes: Rhodes (2016) Business Statistics, Briefing Paper Number 06152, (London: House of Commons Library)
In 2016, there were 5.5 million businesses in the UK.
Over 99% of businesses are Small or Medium Sized businesses (employing 0-249)
5.3 million (96%) businesses were micro-businesses (employing 0-9 people) Microbusinesses accounted for 32% of employment and 19% of turnover.
In London, there were 1,464 businesses per 10,000 resident adults. In the North East there were 679 per 10,000 resident adults. The West Midlands saw 413,000 businesses in 2016, there are 892 businesses per 10,000 adults, 7% of West Mids businesses are in the manufacturing sector the highest number of manufacturers from all other Uk regions.
Uk wide the manufacturing sector accounted for 5% of businesses, 10% of employment and 15% of turnover. The service sector tops the statistics list with 74% of all businesses, 79% of employment and 72% of turnover.
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