Financial Thresholds

The Companies Act 2006 provides clear definition of small and medium sized company eligibility thresholds as follows:

Turnover (not more than)Balance sheet total (not more than) Number of employees (not more than)
Micro-entities£632,000£316,000 10
Small company £10.2 million£5.1 million50
Small Group £10.2 million net (or £12.2 million gross) £5.1 million net (or £6.1 million gross)50
Medium - sized company £36 million£18 million 250
Medium –sized Group £36 million net (or £43.2 million gross) £18 million net (or £21.6 million gross)250

 

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Last updated: 26 September 2018