We categorise business sizes according to the standard UK Government definitions.
- The UK government definition of Small and Medium-sized Enterprises encompasses three sizes:
- Micro – less than 10 employees and an annual turnover under €2 million
- Small – less than 50 employees and an annual turnover under €10 million)Medium-sized – less than 250 employees and an annual turnover under €50 million
For clarity, a business with over 250 employees and over €50 million is classified as a large business at Spherics.
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Helen Stephens – social entrepreneur and city councillor
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