Posted: Thu 13th Oct 2016
The number of businesses has Britain has hit a record 5.5m, 97,000 more than at the start of 2015 with the highest increase among micro companies with no employees.
Official figures from the Department for Business, Energy, Innovation and Skills (BEIS) show there were a total of 5,497,670 businesses in the UK at the start of this year, 4,172,185 of which were firms with no staff.
The number of employing businesses increased by 14,000 since 2015, and the number of non-employing businesses by 84,000.
The UK's economy continues to be driven by small and medium sized companies, which account for 99.3% of all private sector businesses.
Britain has more micro companies (those employing between one and nine people) at the beginning of 2016 than it did in 2015, rising from 1.069m to 1.081m over the year.
Compared to 2010, the UK has a million more small businesses, 4,000 more medium-sized businesses and 900 more large businesses, a total increase of 23%.
Contribution of different sized businesses to total population, employment and turnover
Estimated number of businesses in the UK private sector and their associated employment and turnover, by size of business
Number of businesses in the UK private sector with and without employees, by legal status
UK private sector business population
Growth in the number of UK private sector businesses by size band, 2000 to 2016 (index: base year=2000)
Number of businesses in the UK private sector per 10,000 adults, UK region and country
Estimated number of businesses in the UK private sector