Company Size Definitions
1 minute
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.
| Company Type | Conditions | Exclusions |
|---|---|---|
| Definition of a micro-entity | A micro-entity must meet at least two of the following conditions:
| - 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 company | A small company must meet at least two of the following conditions:
| - 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 company | A medium sized company must meet at least two of the following conditions:
| - 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 company | A 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 |
