Status: You are viewing the version of the handbook as on 2019-04-02.

small business

    (1)177 (in COMP and in the definition of relevant credit union client158) a partnership, body corporate, unincorporated association or mutual association with an annual turnover of less than £1 million (or its equivalent in any other currency at the relevant time).5

    (2) (in DISP) an enterprise which:177

      1. (a) is not a micro-enterprise;177
      1. (b) has an annual turnover of less than £6.5 million (or its equivalent in any other currency); and177
        1. (i) employs fewer than 50 persons; or177
        1. (ii) has a balance sheet total of less than £5 million (or its equivalent in any other currency),177
        and in determining whether these criteria are met articles 3 to 6 of the Annex to the Micro-enterprise Recommendation must be applied.177