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5 Cards in this Set
- Front
- Back
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Balance sheet |
Assets,liabilities and capital |
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Small business criteria |
Fewer than 50 employees. Up to €10 million turnover and balance sheet |
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Medium sized businesses |
Fewer than 250 employees. Turnover of upto €50 million and balance total of €43 million |
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Facts about SMEs |
5.6 million small at start 2018 63% increase of SMEs 2000 Small accounted for 99.3 of all private sector businesses at 2018 99.9% of private sector were small or medium sized 16 million employed 60% private sector employment in uk Combined annual turnover 2 trillion 52% private sec turnover |
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Importance of SMEs to the uk |
Bring in money from taxes - corporate (business) and income ( employees) Employment |
