What determines the size and type of company?

Created by Katie Deverill, Modified on Wed, 19 Oct 2022 at 06:13 PM by Katie Deverill




































 Small sized company     Medium sized company     Large sized company
Turnover< £6.5m < £25.9m > £25.9m
Balance Sheet< £3.26m < £12.9m > £12.9m
Employees< 50 < 250 > 250

 


New Company


A company incorporated within the last 21 months and has not filed accounts at Companies House.


Small Company


A company that matches 2 of 3 criteria:



  • Annual Turnover less than £6.5 million

  • Balance Sheet Total of less than £3.26

  • Average number of employees less than 50


Medium Company


A company that matches 2 of 3 criteria:



  • Annual Turnover less than £25.9 million

  • Balance Sheet Total less than £12.9 million

  • Average number of employees less than 250


Large Company


A company that matches 2 of 3 criteria:



  • Annual Turnover greater than £25.9 million

  • Balance Sheet Total of more than £12.9 million

  • Average number of employees of more 250


Non-Limited Company (Sole Trader)


Non-limited/sole trader companies are not required to file information with Companies House or other governing bodies.


 

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