Department for Business Innovation & Skills (DBIS)

78% of Small Businesses Were Profitable in 2015

78% of Small Businesses Were Profitable in 2015

78% of the UK’s small business employers generated a profit last year, matching levels set in 2014, a report from the Department for Business Innovation & Skills (DBIS) has confirmed. Polling over 15,000 small and medium enterprises, the Small Business Survey found that 80% of small businesses and 84% of medium-sized businesses were more likely to have made a profit last year, compared to just 77% of micro businesses. 38% of respondents reported greater turnover in 2015 than in 2014 with 41% generating approximately the same turnover while just 17% posted lower turnover figures. 45% of employers said they expect turnover to increase in the next 12 months, and 43% think it will remain the same while 8% are wary that their turnover will drop this year. Businesses in the information... »