Due to the COVID-19 pandemic that caused chaos worldwide, this year has not been the best for everyone globally, and that includes companies. Despite that, company statistics show that over 6 million companies are registered in the UK, which is quite impressive.
That said, from these statistics, you will see just how big of an influence companies have on the UK economy and employment.
Top Company Statistics (Editor’s Pick)
- At the start of 2020, there were 6 million UK companies.
- 4.6 million companies had no employees in 2020.
- London has the highest business birth and death rate.
- Based on revenue, the largest company in the UK is British Petroleum.
- The largest company in the UK based on market cap is HSBC Holdings plc.
- There were 390,230 births of new companies in 2019.
- Walmart is the wealthiest company worldwide based on revenue.
UK Business Statistics
1. At the beginning of 2020, there were 6 million companies in the UK.
At the start of 2020, there were 6 million registered companies in the UK’s private business sector. If we look at previous business industry statistics in the UK, this shows a 1.9% increase from 2019, which translates to an addition of over 113,000 businesses.
2. In 2020, 5.94 million companies were small businesses.
Recent company size statistics from 2020 shows that out of 6 million businesses in 2020, 5.94 million were small enterprises. Furthermore, medium-sized companies accounted for 36,100 of the private business sector, and 7,800 were large companies.
3. In 2020, there were 3.21 million VAT or PAYE-based companies.
According to company statistics, each year, there is an increase in VAT or PAYE-based companies in the UK. That said, in 2020, there were 3.21 million companies registered for VAT/PAYE, which is 600,000 more compared to 2012.
4. Sole proprietorships are the most common legal form of businesses.
According to recent UK company data, at the beginning of 2020, the UK business private sector had 3.5 million sole proprietorships, which comprised 59% of the UK’s private business sector population. Furthermore, 34% were actively trading companies, and 7% were ordinary partnerships.
5. 83.4% of businesses in the UK have a website.
According to company website statistics in the UK, a lot of businesses with ten or more employees have a website in 2019. This percentage has been steadily increasing since 2007 when only 70% of companies have a website. It seems firms don’t want to miss out on the potential earnings you can get from having a solid online presence.
6. Between 2000 and 2020, the business population grew by 72%.
If we take a look at public company data, we can see that the average growth rate of the UK’s business population is 3%. That said, in the last two decades, the business population in the UK has increased by 2.5 million.
UK Company Employment Statistics
7. Nearly 27 million people work in the UK’s private sector.
In the fourth quarter of 2020, approximately 26.8 million people work in the UK private business sector. However, because of the COVID-19 pandemic that hit the UK hard, over 500,000 workers lost their jobs.
8. In 2020, 4.6 million companies had no employees.
According to company stats, out of 6 million companies in the UK private business sector, only 1.4 million has employees. That leaves 76% or 4.6 million of UK companies that do not employ anyone else aside from their owner. These company employee statistics can’t be surprising, considering that 99% of businesses in the UK private sector are small-sized.
9. Large companies employed approximately 9.5 million people in 2020.
In 2020, around 27 million people were employed in the UK’s private business sector. Furthermore, large companies were responsible for over a third of all those jobs.
Startup Company Statistics in the UK
10. In 2019, there were 390,230 births of new companies.
The latest available statistics show that 390,230 new businesses were started in 2019. Interestingly, the same year recorded over 335,940 business deaths, according to business statistics.
11. London has the highest business startup rate in the UK.
Since London is the UK’s capital, the fact that London has the highest business startup rate does not come as a surprise. Specifically, new company data shows that London has 105 startups per 10,000 citizens, which is pretty high compared to the rest of the country.
12. Sunderland has the lowest business startup rate in the UK.
While London has a startup rate of 105 startups per 10,000 citizens, Sunderland, a city in the UK, has the lowest business startup rate of 27.6 startups per 10,000 citizens. Moreover, according to UK company statistics, next to Sunderland is Plymouth, with 31.2 startups per 10,000 citizens.
13. London has the highest business birth and death rate.
Both business birth rate and death rate have increased in the last couple of years, according to startup company statistics. However, with a business birth rate of 15.7% and a business death rate of 13.1%, London tops the list of cities with the highest business death and birth rates in the UK.
UK Business Statistics by Industry
14. 25% of small and medium-sized businesses are in real estate.
Some of the most profitable small businesses are in the real estate industry. According to real estate company statistics, a quarter of all small and medium-sized business enterprises are in real estate.
15. The highest number of companies in the UK private business sector are construction companies.
Of the 6 million companies operating in the UK’s private business sector, according to construction company statistics, nearly 992,000 of them are construction companies. In second place came professional, scientific, and technical companies with 873,000.
16. The professional, scientific, and technical sector has the most number of VAT or PAYE-based businesses.
According to fundamental company data in 2020, 467,000 enterprises in the professional, scientific, and technical sector are VAT or PAYE-based, which is the most out of any other sector. The construction sector comes next, with 351,000 VAT or PAYE-based enterprises.
17. There are 95 crude petroleum and natural gas extraction companies in the UK with only 0-4 employees.
Based on oil company statistics, over 150 oil companies in the UK are VAT or PAYE-based. However, when it comes to employment size, only 95 companies have 0-4 employees, and 15 others have over 250 employees.
18. There are 1,892 tobacco-selling stores in the UK.
According to tobacco company statistics, back in 2018, nearly 1,900 specialised stores were selling tobacco in the UK. The number of stores that sell tobacco has been declining over the years. In comparison, back in 2005, there were over 30,000 tobacco specialised stores.
This can be attributed to the declining tobacco sales as seen in tobacco company sales statistics over the years. Another factor is the UK’s laws to limit tobacco use, such as banning tobacco displays in shops and banning menthol cigarettes.
19. In Q1 of 2020, the IT sector made a revenue of £2.565 billion.
Although IT industry statistics in the UK show that the sector has made over £2.565 billion in revenue, there is still a decline of 0.7% compared to Q1 of 2019. But not to worry, since revenue is usually higher in the fourth quarter of each year.
Company Financial Statistics in the UK
20. In 2020, the total turnover in the UK private business sector was £4.14 trillion.
The private business sector recorded an increase of £288 billion compared to 2019, according to company turnover data in 2020. What’s even more impressive is that the turnover in the UK private business sector has increased by over £1 trillion since 2012.
21. The largest company in the UK based on revenue is British Petroleum.
When we talk about the largest UK companies by revenue, we can see that British Petroleum is way ahead of its competitors. Specifically, British Petroleum had an income of $282 billion in 2020, and that’s why it is considered to be one of the biggest UK companies today.
In second place is the British bank HSBC, with $98.67 billion in revenue, and in third place is the financial company Prudential, with an income of $93.74 billion.
22. Pharmaceutical wholesalers produce a turnover of approximately £48.4 billion.
According to pharmaceutical company statistics, the number of pharmaceutical companies increased to 2,700 in 2018. So, it comes as no surprise that the turnover they produced in 2018 was almost £50 billion.
23. Toyota is the largest company listed on the London Stock Exchange based on market capitalisation.
Among the largest companies in the UK, the Japanese carmaker Toyota ranks first on the London Stock Exchange with a market cap of £180.32 billion. In addition, other companies that make the top three on the list are the US company Boeing Co. and Royal Dutch Shell Plc.
24. The largest bank company in the UK based on market cap is HSBC Holdings plc.
If you’re looking for the richest companies in the UK, market capitalisation is usually a metric to look out for. In 2020, with a market cap of £77.17 billion, HSBC Holdings held first place in this category. The company that comes in second is Banco Santander, with a market cap of £41.29 billion.
Company Statistics Worldwide
25. Based on market capitalisation, the most prominent company worldwide is Apple.
As of April 2021, Apple has a market capitalisation of $2.25 trillion, making it the world’s largest company based on market capitalisation. According to recent company financial data worldwide, next on the list are Microsoft, with almost $2 trillion in market cap, Saudi Aramco, Amazon, and Google’s parent company Alphabet.
26. Walmart is the company with the most employees worldwide.
When it comes to the number of employees by company size, Walmart has approximately 2.2 million employees as of 2019, making Walmart the company with the most employees worldwide.
Interestingly, outside of the US and the UK, Walmart has the most employees in Mexico and China, with 176,000 and 90,000 employees, respectively.
27. Ranked by revenue, Walmart is the wealthiest company worldwide.
According to company revenue data, with a revenue of over $523.96 billion, Walmart is the wealthiest company in the world. Right behind Walmart are company giants such as Sinopec, State Grid, China National Petroleum, and Royal Dutch Shell.
28. Marriott International tops the list of the largest hotel companies and REITs worldwide.
According to global company data, with a revenue of $10.6 billion and a market cap of $49.4 billion, the American multinational company Marriott International is the largest hotel company and REIT as of April 2021. Next on the list is Hilton Worldwide Holdings, with a revenue of $4.3 billion and a market cap of $35.2 billion.
29. 44% of US small businesses have never had insurance.
Company trends show that almost a third of small businesses in the US experience some incident that later led to an insurance claim. Despite this, nearly half of US small businesses have been operating for over a year without insurance.
30. Globally, there are 340 million occupational accidents yearly.
According to company accident statistics, there are 340 million yearly accidents in workplaces around the world. When it comes to work-related illnesses, there are 160 million recorded yearly. Of these accidents and illnesses, 2.3 million are fatal, corresponding to more than 6,000 deaths each day.
Company statistics in the UK show that the number of people starting their own companies is increasing year over year. The UK unemployment rate has increased in 2020 due to the COVID-19 pandemic. However, people really showed their ingenuity and resilience, and that’s why new businesses were still popping up last year.
Hopefully, these statistics helped you understand the business population better and help your company thrive forward.
Frequently Asked Questions
These statistics are an essential part of owning a business. First and foremost, they can help you get a detailed view of the industry you are in. Secondly, they can help you conduct in-depth research of local and national markets. Finally, from these statistics, you can predict seasonal, cyclic, and general economic variations, which can help you grow your business.
Using statistics can help companies grow to a whole other level. Mainly, statistics can help executive managers analyse past company performances and predict future business plans. From these statistics, executive managers can have a better look at the market and respond better to customer demands.
Statistical data is a crucial part of every company or business plan. With statistical analyses, you can solve economic problems, including salary, price, and time analyses. However, industry statistics are a great way to predict and forecast the economic changes in the industry that the company is in.
When not used correctly, these statistics can do significant damage to a company. That’s why companies prefer to have experienced executive managers who have a fundamental knowledge of statistical data, interpret given information, and use company statistics for the benefit of the company.