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Why Do A Lot Of Uk Companies Not Have A Turnover (Sales) Figure?

Small companies in the UK are only required to submit an abbreviated Balance Sheet to UK Companies House (this does not include any Profit & Loss items such as Turnover).  To qualifty as a small company must meet at least two of the following conditions:

• annual turnover must be not more than £6.5 million;
• the balance sheet total must be not more than £3.26 million;
• the average number of employees must be not more than 50.

 

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GBBUP

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