Company Size Definitions
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Company Size Definitions
Company size definitions and exclusions are used by Companies House to determine what information a company needs to file (e.g. abbreviated or full accounts). A company must meet certain conditions to be classified as, Micro, Small, Medium or Large. You can estimate the size of a company by checking the type of accounts they are filling with Companies House. These may vary from one year to the next.
| Filing Type | Description | Turnover | Balance Sheet | Employees |
|---|---|---|---|---|
| Micro Entity | Micro-entities can file abridged accounts, to qualify as a micro-entity it must meet at least two of the following criteria. | Annual turnover is £632,000 or less | The balance sheet total does not exceed £316,000 | The average number of employees is not greater than 10 |
| Small Company | Small companies can file abridged accounts, to qualify as a small company it must meet at least two of the following criteria. | Annual turnover is £10.2 million or less | The balance sheet total does not exceed £5.1 million | The average number of employees is not greater than 50 |
| Medium Company | Medium companies can file reduced accounts, to qualify as a medium company it must meet at least two of the following criteria. | Annual turnover is £36 million or less | The balance sheet total does not exceed £18 million | The average number of employees is not greater than 250 |
| Large Company | Large companies must file full accounts, to qualify as a large company it must meet at least two of the following criteria. | Annual turnover is more than £36 million | The balance sheet total is more than £18 million | The average number of employees is greater than 250 |
| Dormant Company | Dormant companies have had no significant accounting transactions during their financial year and accounting period. In essence, it’s not trading and it is not spending or receiving any money. Dormant companies file the simplest accounts. | N/A | N/A | Dormant companies have had no significant accounting transactions during their financial year and accounting period. In essence, its not trading and it is not spending or receiving any money. Dormant companies file the simplest accounts. |