Family Business Scale-ups: Breaking Barriers to Growth
Scaling family businesses
Scaling firm size
Figure #: Breakdown of Scaling Family Businesses by Employee Size
Scaling Family Businesses Employee Size Breakdown
By employment, scaling family businesses are primarily mid-market-sized with 66.5% in this group of businesses, split between those employing between 50 and 250 staff (54.1%), and the 12.3% who have more than 250 employees. Large scaling (500+) 5.2%
Large scaling (250–499) 7.1%
Small scaling (<50 empl... 33.5%
Smaller firms (fewer than 50 staff) account for 33.5%. Medium-/mid-sized scaling firms are also the biggest contributors to turnover, generating £31 billion. While 50% of family businesses are scaling up, by this employment metric they sit beneath the £10.2m turnover threshold; of those family businesses that are disclosing revenues, the majority are in the mid-market, generating between £10m and £100m. These firms are collectively bringing in £37bn in turnover and employing more than 233k people. On a sectoral level, the largest number of scaling family businesses with revenues exceeding £100m are operating in Wholesale & Retail, followed by Figure 15: Breakdown of scaling family businesses by employee size Figure #: Breakdown of Scaling Family Businesses by Employee Size Scaling Family Businesses Employee Size Breakdown
Advanced Manufacturing, Construction & Property and Transport, while those that are scaling up by employment but sit beneath the £10.2m threshold are typically operating in Education (76% of businesses in this sector), Care & Well- being Services (72%), Hospitality (62%), Defence (58%), and Professional Services (56%). This further reinforces the importance of the government’s current focus on scaling-up firms in their respective strategies and entrepreneurial prospectus and the importance of family businesses within that segment of our economy. Medium scaling (50–249) 54.1%
Figure 16: Breakdown of scaling family businesses by turnover bracket Figure #: Age of Scaling Family Businesses Age Figure #: Breakdown of Scaling Family Businesses by Turnover Bracket Turnover Breakdown
40+ years 10.9%
Large scaling (500+) 5.2%
<£10m 5.9%
3–10 years 17.8%
Large scaling (250–499) 7.1%
30–40 years 8.9%
Small scaling (<50 empl... 33.5%
Non disclosed / pre-revenue 49.9%
£10m–£99.9999m 39.5%
20–30 years 22.8%
10–20 years 39.6%
Medium scaling (50–249) 54.1%
≥£100m 4.7%
Page 35
Figure #: Breakdown of Scaling Family Businesses by Turnover Bracket
Made with FlippingBook - professional solution for displaying marketing and sales documents online