This statistic illustrates the main bank account type used by small and medium enterprises (SMEs) in the United Kingdom (UK) as of 2017. It can be seen that two percent of SMEs used a personal current account as the main business bank account at that time. The majority (96 percent) of small and medium enterprises in the United Kingdom (UK) stated that they used a current account in the name of the business as of 2017.
Type of bank account used by small and medium enterprises (SMEs) in the United Kingdom (UK) as of 2017
* Weighted basis. Original survey question is as follows: 'Is the main bank or building society account you use for business purposes a business or current account?'
Survey was conducted among small and medium businesses with employees. Three categories were distinguished, based on employees numbers: micro businesses (1 to 9 employees), small businesses (10 to 49 employees) and medium businesses (50 to 250 employees).
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Statistics on "Small and medium enterprises financing in the United Kingdom"
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GOV.UK. (May 24, 2018). Type of bank account used by small and medium enterprises (SMEs) in the United Kingdom (UK) as of 2017 [Graph]. In Statista. Retrieved February 24, 2020, from https://www.statista.com/statistics/594422/sme-main-bank-account-type-united-kindom/
GOV.UK. "Type of bank account used by small and medium enterprises (SMEs) in the United Kingdom (UK) as of 2017." Chart. May 24, 2018. Statista. Accessed February 24, 2020. https://www.statista.com/statistics/594422/sme-main-bank-account-type-united-kindom/
GOV.UK. (2018). Type of bank account used by small and medium enterprises (SMEs) in the United Kingdom (UK) as of 2017. Statista. Statista Inc.. Accessed: February 24, 2020. https://www.statista.com/statistics/594422/sme-main-bank-account-type-united-kindom/
GOV.UK. "Type of Bank Account Used by Small and Medium Enterprises (Smes) in The United Kingdom (Uk) as of 2017." Statista, Statista Inc., 24 May 2018, https://www.statista.com/statistics/594422/sme-main-bank-account-type-united-kindom/
GOV.UK, Type of bank account used by small and medium enterprises (SMEs) in the United Kingdom (UK) as of 2017 Statista, https://www.statista.com/statistics/594422/sme-main-bank-account-type-united-kindom/ (last visited February 24, 2020)
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