Smaller companies are only required to submit abbreviated financial accounts when providing annual accounts to Companies House. These abbreviated accounts can sometimes lack certain key metrics used to determine the size of a company. When this happens we display some metrics, including turnover, that have been estimated by our data supplier.
For accounting periods beginning on or after January 1st 2016 a company is considered 'small' if it meets 2 of the conditions below:
• Turnover is no more than £10.2 million
• There is no more than £5.1 million on the balance sheet
• The average number of employees is not more than 50
Prior to January 1st 2016, the criteria a company was considered ‘small’ if it met 2 of the conditions below:
• Turnover was no more than £6.5 million
• There was no more than £3.26 million on its balance sheet
• There were less than 51 employees
This estimation is based on averages of companies of a similar size, in a similar sector and a similar geography.
Estimations, by their very nature, are not accurate and will vary month by month because of changes in actual turnover and employee count values for other companies.