This publication provides an estimate of the total number of private sector businesses in the UK at the start of each year, with their associated employment and turnover. Further information is provided by number of employees, legal status, industry and geography.
- There were an estimated 4.5 million private sector businesses in the UK at the start of 2011, an increase of 94,000 (2.1 per cent) since the start of 2010.
- These businesses employed an estimated 23.4 million people, and had an estimated combined annual turnover of £3,100 billion.
- Almost two thirds (62.4 per cent) of private sector businesses were sole proprietorships, 27.7 per cent were companies and 9.8 per cent were partnerships.
- Small and medium-sized enterprises (SME) accounted for 99.9 per cent of all enterprises, 58.8 per cent of private sector employment and 48.8 per cent of private sector turnover.