In 2008, out of the total 20 million enterprises present in the European Union, 99.8% are SMEs, whereas only 43,000 are large scale enterprises. In the period of 2002-2008, the number of SMEs grew faster when compared to the number of LSEs. Among the Smes, the micro and small firms showed highest growth rates. During […]
Posts Tagged U.K small Businesses
The GDP figures of last quarter of 2009, show that the UK economy had emerged from recession. According to a study by Easy Connect, overall 84% of businesses believe that the economy will show growth, but, of them only 5% say it to take place in the next 3 months, 21% say that it may […]
The performance of the small and medium sized enterprises had been badly affected by the global economic downturn. The major consequences of the recession suffered by SME sector in U.K are, decrease in number of SMEs, jobs, demand from customers, lack of investment, decrease in production, etc. In 2009, the production growth of SMEs decreased […]
According to EU SME Report, on an average 1.8 million new enterprises are established annually, which corresponds to 9.7 % of the total enterprise population. But simultaneously, 1.5 million enterprises annually are closed, corresponding to a death rate of 8.3 % of the total enterprises. Of the total increase, the SMEs increased by 2.4 million […]