Family Business Scale-ups: Breaking Barriers to Growth
Mid-market family businesses
Mid-market firm size
Mid-market family businesses are identified by the number of employees they have as well as the turnover they generate.
When considering employees, the vast majority, 81.1%, have between 50 and 249, with 10.6% having between 10 and 49 employees. There are 1.2% with fewer than ten employees that still qualify as mid- market firms on the basis of their turnover, and 7.1% have more than 250 employees.
Equally, they are spread across different turnover brackets, with the majority generating between £10 million and £100 million as their reported revenue. Because businesses are not required to disclose their turnover if it is below £10.2 million, the next most populous group consists of those that have either not reported their turnover or are pre-revenue (41%). These companies have nonetheless reached mid-market status through their employee headcount.
Figure 10: Breakdown of mid-market family businesses by turnover bracket
Figure 9: Breakdown of mid-market family businesses by employee number
Mid-tier family businesses employee size b reakdown Mid-tier family businesses employee size b reakdown
Turnover breakdown
Turnover breakdown
Micro mid-tier (0–9) 1.2% Small mid-tier (10–49) 10.6%
Micro mid-tier (0–9) 1.2% Small mid-tier (10–49) 10.6%
Non disclosed / pre-revenue 41.1%
Non disclosed / pre-revenue 41.1%
Large mid-tier (250+) 7.1%
Large mid-tier (250+) 7.1%
<£10m 7.7%
<£10m 7.7%
Medium mid-tier (5... 81.1%
<£100m 1.7%
Medium mid-tier (5... 81.1%
<£100m 1.7%
£10m– £99.9999m 49.5%
£10m– £99.9999m 49.5%
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