Business

In this section, we look at:

  • How many businesses are located in our area by sector
  • The size of our businesses are small in size (employment & turnover)

Number of VAT and/or PAYE based enterprises in 2017 by size band (employees)

A high proportion of local businesses are mico businesses (89%) – this is similar to the situation in England as a whole (89.6%).   There is however a smaller share in Leicester (87.7%).

On average there are more small businesses in the LLEP area (9.1%). This is especially the case in Leicester (10.3% versus 8.5%).

Size Band Leicester Leicestershire LLEP Area England
Number % Number % Number % Number %
0 to 4 9,045 75.5 23,915 78.5 32,960 77.7 1,823,825 78.6
5 to 9 1,460 12.2 3,340 11.0 4,800 11.3 255,075 11.0
10 to 19 765 6.4 1,720 5.6 2,480 5.8 129,000 5.6
20 to 49 465 3.9 900 3.0 1,365 3.2 69,030 3.0
50 to 99 145 1.2 295 1.0 440 1.0 22,540 1.0
100 to 249 50 0.4 180 0.6 230 0.5 12,795 0.6
250 to 499 25 0.2 50 0.2 80 0.2 4,230 0.2
500 to 999 5 0.0 35 0.1 40 0.1 2,095 0.1
1000+ 15 0.1 25 0.1 40 0.1 2,300 0.1
TOTAL 11,980 100.0 30,460 100.0 42,440 100.0 2,320,885 100.0

 

Number of VAT and/or PAYE based enterprises in 2017 – by turnover band (£000s)

Only 2% of local businesses have turnover in excess of £5 million in the LLEP area – this is similare to England.

Twenty point four percent of businesses in the LLEP area have turnover below £50,000. In England the figure was 16.7%.

Eigty four percent of businesses in the LLEP area have turnover less than £500,000. This is in line with the England average and demonstrates the large number of micro businesses both locally and nationally.

Turnover Sizeband (£thousands) Leicester Leicestershire LLEP Area England
Number % Number % Number % Number %
0 to 49 2,445 20.4 5,885 19.3 8,330 19.6 388,305 16.7
50 to 99 2,700 22.5 6,825 22.4 9,525 22.4 561,685 24.2
100 to 199 3,365 28.1 9,040 29.7 12,410 29.2 722,210 31.1
200 to 499 1,485 12.4 3,905 12.8 5,390 12.7 277,875 12.0
500 to 999 915 7.6 2,075 6.8 2,990 7.0 161,515 7.0
1000 to 1999 475 4.0 1,215 4.0 1,690 4.0 93,410 4.0
2000 to 4999 360 3.0 835 2.7 1,195 2.8 64,050 2.8
5000 to 9999 110 0.9 335 1.1 445 1.0 24,230 1.0
10000 to 49999 95 0.8 265 0.9 360 0.8 20,840 0.9
50000+ 30 0.3 75 0.2 100 0.2 6,760 0.3
TOTAL 11,980 100.0 30,460 100.0 42,440 100.0 2,320,885 100.0

 

Number of enterprises in 2017 – by sector (Broad Industry Group)

In the LLEP area there are a number of industries that differentiate it. These are on average larger locally than nationally. These include:

  • Manufacturing (twice the average in the City)
  • Wholesale
  • Transport & storage
  • Financial & insurance

In all cases these are significantly higher in the City.

The largest industries in the LLEP area are:

  • Professional, scientific & technical
  • Construction
  • Manufacturing
  • Business administrative & support services
  • Retail
Broad Industry Group Leicester Leicestershire LLEP Area England
Number % Number % Number % Number %
Agriculture, forestry & fishing 15 0.1 1,795 5.9 1,815 4.3 98,940 4.3
Mining, quarrying & utilities 30 0.3 145 0.5 170 0.4 10,950 0.5
Manufacturing 1,205 10.1 2,255 7.4 3,460 8.2 116,465 5.0
Construction 775 6.5 3,565 11.7 4,340 10.2 277,815 12.0
Motor trades 420 3.5 990 3.3 1,410 3.3 64,305 2.8
Wholesale 655 5.5 1,420 4.7 2,080 4.9 91,690 4.0
Retail 1,300 10.9 1,985 6.5 3,285 7.7 168,910 7.3
Transport & storage (inc postal) 965 8.1 1,440 4.7 2,410 5.7 97,620 4.2
Accommodation & food services 725 6.1 1,375 4.5 2,100 4.9 124,355 5.4
Information & communication 760 6.3 1,705 5.6 2,465 5.8 200,460 8.6
Financial & insurance 690 5.8 1,185 3.9 1,875 4.4 49,875 2.1
Property 450 3.8 1,165 3.8 1,615 3.8 82,990 3.6
Professional, scientific & technical 1,450 12.1 5,340 17.5 6,785 16.0 428,435 18.5
Business administration & support services 850 7.1 2,410 7.9 3,260 7.7 205,720 8.9
Public administration & defence 0 0.0 145 0.5 145 0.3 6,625 0.3
Education 210 1.8 605 2.0 810 1.9 44,215 1.9
Health 850 7.1 1,215 4.0 2,065 4.9 106,065 4.6
Arts, entertainment, recreation & other services 625 5.2 1,720 5.6 2,340 5.5 145,460 6.3
TOTAL 11,980 100.0 30,460 100.0 42,440 100.0 2,320,885 100.0

Source of data: ONS, UK Business Counts 2017