Analysis of the UK's Private Sector Businesses

Number of businesses Change on % change on % that are (000s) year (000s) year employers


2000 3,467 - - 32% 2001 3,502 35 1% 33% 2002 3,573 71 2% 33% 2003 3,679 106 3% 32% 2004 3,925 247 7% 30% 2005 3,927 1 0% 30% 2006 4,125 199 5% 29% 2007 4,272 146 4% 29% 2008 4,284 12 0% 29% 2009 4,375 92 2% 28% 2010 4,483 108 2% 27% 2011 4,589 106 2% 26% 2012 4,818 229 5% 26% 2013 4,914 97 2% 25% 2014 5,247 333 7% 24% 2015 5,401 154 3% 24% 2016 5,498 97 2% 24%


2017 5,695 197 4% 24%


Source: BIS, Business Population Estimates


Notes: Data relates to the start of each year


Businesses by industry


in the UK,


2017


Number of businesses Employment Turnover


000s % % %


Agriculture, mining and utilities 194 3% 3% 6%


Manufacturing 266 5% 10% 15%


Construction 1,008 18% 8% 8%


Total services 4,227 74% 79% 71% Of which:


Retail 542 10% 19% 33% Transportation 345 6% 6% 5% Accommodation & food 202 4% 9% 3% ICT 351 6% 5% 6% Financial and Insurance 86 2% 4% -Real estate activities 112 2% 2% 2% Professional and scientific 856 15% 10% 8% Administrative & support service 479 8% 11% 7% Education 296 5% 2% 1% Health and social work 362 6% 7% 2% Arts and recreation 276 5% 3% 3% Other service activities 319 6% 3% 1%


Total 5,695 - - -


Source: BIS, Business Population Estimates


Turnover % does not include financial services


Figure 2: general business outputs


Figure 3: Rate of employment in private sector


Private sector businesses in the UK by number of employees, 2017


Businesses Employment Turnover Businesses Employment Turnover


1000s 1000s £ billions % % %


No employees 4,328 4,697 272 76% 18% 7%


SMEs (0-250 employees) 5,687 16,147 1,905 99.9% 60% 51% Of which: Micro (0-9 employees) 5,445 8,790 824 96% 33% 22% Small (10-49 employees) 208 4,059 540 4% 15% 14%


Medium (50-249 employees) 34 3,297 541 1% 12% 14% Large (250+ employees) 7 10,576 1,834 0% 40% 49%


Total, all businesses 5,695 26,723 3,739 100% 100% 100%


Source: BIS, Business Population Estimates,


Notes: Data relates to the start of 2016, Numbers rounded to the nearest 1000


Figure 4: Raw data obtained during the study .


Variables


Privatized Enterprises


State-Owned Enterprises


S score (Skewness)


S-score (Kurtosis)


Thapiro -Hilks


Chi-Sq. Goodness


Z score (Skewness)


Z score (Kurtosis)


Shapiro-Wilks


Chi-Sq. Goodness


Pre-


Post-


Pre-


Post-


Pre-


Post-


Pre-


Post-


Pre-


Post-


Pre-


Post-


Pre-


Post-


Pre-


Post-


Earnings beforehand tax &interest (EBTI)


4.50*


4.40**


2.99*


3.82*


0.76*


0.99*


28.4**


29.6**


5.73*


3.44*


6.41*


5.81*


0.78*


0.61*


76*


68*


Earnings beforehand tax &interest to sales (ROS)


5.50*


3.62*


3.81*


4.97*


0.63*


0.91*


59.7*


48.8*


3.98*


5.66*


4.21*


6.92*


0.84*


0.43*


106*


138*


Earnings beforehand tax and interest to assets (ROA)


2.90***


2.21**


2.65**


-0.40


0.78**


0.99**


39.8**


19.2


2.92*


1.76***


2.48*


3.83*


0.96*


0.95*


47.7*


49*


Earnings beforehand tax & interest to equity (ROE)


2.10


2.09**


-0.63


1.96**


0.98


0.90**


19.3


29.6**


4.94*


4.68*


5.52*


5.79*


0.71*


0.63*


79.7*


66*


Sales efficiency (SALEFF)


2.36


3.48*


0.89


4.88*


0.85***


0.94*


29.4**


27.8***


5.81*


4.86*


5.52*


6.99*


0.68*


0.64*


66.6*


86.4*


Efficiency income “before tax & interest


3.40*


2.21**


2.68*


2.99*


0.87*


0.82*


28.3**


29.2**


5.62*


2.49**


6.70*


5.75*


0.48*


0.50*


59*


35*


Real sales (SAL)


2.47


6.84*


0.43


3.86*


0.84***


0.82*


29.2**


18.7


5.50*


5.65*


6.79*


6.65*


0.68*


0.62*


65.1*


96.5*


Total employment (EMPL)


3.94*


4.48*


2.87*


3.99*


0.95*


0.90*


47.7*


38.8*


4.44*


4.59*


5.81*


5.97*


0.77*


0.75*


34.6*


48.4*


Total debt to total assets (TDTA)


3.28**


3.61**


2.98*


3.94*


0.81*


0.82*


39.6*


17.7


2.30**


3.88*


2.66**


4.91*


0.91*


0.86*


36.4*


53.1*


Variables


Absolute performance change technique


Relative performance change technique


Z score (Skewness)


Z score (Kurtosis)


Shapiro-Wilks


Chi-Sq. Goodness


Z score (Skewness)


Z score (Kurtosis)


Shapiro-Wilks


Chi-Sq. Goodness


Priv.


SOEs


Priv.


SOEs


Priv.


SOEs


Priv.


SOEs


Priv.


SOEs


Priv.


SOEs


Priv.


SOEs


Priv.


SOEs


Earnings beforehand tax &interest (EBTI)


4.670**


5.78*


1.68


6.12*


0.97**


0.29*


24.6


84*


3.35**


3.84*


3.66*


4.94*


0.97*


0.86*


17.9


41.2*


Earnings beforehand tax &interest to sales (ROS)


5.68*


2.86*


4.46*


4.42*


0.88*


0.78*


61.5*


72.8*


4.27*


2.83**


5.24*


5.05*


0.88*


0.68*


24.06**


78.1*


Earnings beforehand tax & interest to assets (ROA)


2.68**


3.68*


2.28**


4.24*


0.84**


0.86*


35.1***


54.5*


4.47**


3.73*


3.80*


4.29*


0.96*


0.84*


27.1**


64.5*


Earnings before tax &interest to equity (ROE)


2,.96


3.88*


0.68


4.58*


0.98


0.70*


24.6


66.3*


3.98*


3.30*


4.89*


6.18*


0.92*


0.51*


23.8**


46.1*


Sales efficiency (SALEFF)


3.46*


2.68**


3.86*


4.68*


0.88*


0.78*


50.3*


79.8*


5.77*


5.67*


6.53*


6.47*


0.68*


0.72*


93.3*


98.4*


Efficiency "before tax & interest


1.84***


5.84*


1.89**


6.45*


0.92***


0.43*


39.5**


56.5*


3.86*


4.47*


4.57*


5.13*


0.93*


0.74*


11.15


59.6*


Real sales (SAL)


1.98***


1.78


2.28**


5.38*


0.97***


0.89*


23.6


61.5*


5.32*


4.80*


6.01*


4.85*


0.79*


0.75*


42.3*


66.2*


Total employment (EMPL)


2.89*


2.28*


4.68*


0.48


0.88*


0.94*


39.7**


46.1*


1.51


2.69***


1.98


2.07


0.98


0.98**


24.1***


28.1**


Total debt to total assets (TDTA)


1.98***


0.78


2.96**


3.39*


0.98


0.98*


31.6***


45.4*


4.69*


6.16*


2.31*


6.92*


0.85*


0.53*


53.6*


187.8*

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