SME definitions

Here are some definitions according to The Companies Act of 1985 and The Department of Trade and Industry.

Small companies have:

• a turnover of not more than ¬£5.6 million;
• a balance sheet total of not more than ¬£2.8 million;
• not more than 50 employees

Medium sized company must satisfy at least two of the following:

• a turnover of not more than ¬£22.8 million;
• a balance sheet total of not more than ¬£11.4 million;
• not more than 250 employees

• micro firm: 0 - 9 employees
• small firm: 0 - 49 employees (includes micro)
• medium firm: 50 - 249 employees
• large firm: over 250 employees"

Full article: SME definitions.