Family Business Scale-ups: Breaking Barriers to Growth
The UK family business landscape
Family businesses are a key segment of the UK economy. It is, however, often challenging to identify exact numbers and quantify the contribution these businesses make. To provide new insights, this research report utilises firm-level data on family businesses from Companies House for the first time. This new approach opens up an additional layer of data on the reported attributes of those firms determined as family-owned and family-run and how these broader characteristics fit with wider data sets. In alignment with ONS categorisation, we identify family businesses as those that are:
Active enterprises registered at Companies House, where a family (i.e. two or more individuals with the same last name) holds a majority stake (>50.01%) in the company and one or more people with that same last name are directors of the company.
Overall, 766,847 businesses have been identified as meeting these criteria, which is equivalent to 33.8% of all active companies with employees registered with Companies House (2.27 million). They are found across the country, with 646,125 (84.3%) of these family businesses based outside London and 35% operating within the government’s eight Industrial Strategy priority sectors.
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