Glossary

Company Size Definitions and Exclusions

Clifford McDowell

Company Size Definitions and Exclusions

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 see what size a company is by checking the type of accounts they are filling with Companies House.

There are exclusions on some company types, this means they have to file additional information to meet regulatory requirements. The table below details the conditions required to be defined as a certain size. If you click on the + symbol you’ll be able to view any exclusions.

Company TypeConditionsExclusions
Definition of a micro-entityA micro-entity must meet at least two of the following conditions:
  • turnover must be not more than £632,000
  • the balance sheet total must be not more than £316,000
  • the average number of employees must be not more than 10
- a limited liability partnership
- a limited partnershipa qualifying partnership as defined under the Partnership (Accounts) Regulations 2008
- a public limited company
- an overseas company
- an unregistered companya company authorised to register under section 1040 Companies Act 2006
- a charitable company
- a company that is excluded from the small company’s regime under section 384 Companies Act 2006, or is excluded from being treated as a micro-entity under section 384B Companies Act 2006.
Definition of a small companyA small company must meet at least two of the following conditions:
  • annual turnover must be not more than £6.5 million
  • the balance sheet total must be not more than £3.26 million
  • the average number of employees must be not more than 50
- a public company
- a member of an ineligible group
- an authorised insurance company
- a banking company
- an e-money issuer
- a MiFID (i.e. Markets in Financial Instruments Directive) investment firm
- a UCITS (i.e. Undertakings for Collective Investment in Transferable Securities) management company or carried on insurance market activity
Definition of a medium-sized companyA medium sized company must meet at least two of the following conditions:
  • annual turnover must be no more than £25.9 million
  • the balance sheet total must be no more than £12.9 million
  • the average number of employees must be no more than 250
- a public company
- a company that has permission under Part 4 of the Financial Services and Markets Act 2000 to carry on a regulated activity or that carries on an insurance market activity
- a member of an ineligible group
Definition of a large-sized companyA large sized company must meet at least two of the following conditions:

- annual turnover must be more than £26 million
- the balance sheet total must be more than £13 million
- the average number of employees must be more than 250
- a public company
- a company that has permission under Part 4 of the Financial Services and Markets Act 2000 to carry on a regulated activity or that carries on an insurance market activity
- a member of an ineligible group

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