What is the definition of Small, Medium and Large business within the Observatory?

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When viewing any of the composite size reports, the definitions are as below:

Small – Less than 50 employees, regardless of revenue, or, if the number of employees is unknown, then revenue of less than £5.6m/$5.6m will be taken as an indicator that it is a small business.
Medium – Between 50 and 249 employees, regardless of revenue, or, if the number of employees is unknown, then revenue of greater than or equal to £5.6m/$5.6m and less than £22.8m/$22.8m will be taken as an indicator that it is a medium business.
Large – Greater than or equal to 250 employees, regardless of revenue, or, if the number of employees is unknown, then revenue of greater than or equal to £22.8m/$22.8m will be taken as an indicator that it is a large business.

Spend analytics provide your organisation with the ability to analyse spend with Small, Medium and Large businesses and Local ones too!

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Category: Terminology
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