From 1st January 2007
A Small Enterprise is outlined as :
- an enterprise that has fewer than 50 staff and has both an annual turnover and/or an annual Stability Sheet complete not exceeding €10m
Medium Sized Enterprise
A Medium Sized Enterprise is outlined as:
- an enterprise that has between 50 staff and 249 staff and has both an annual turnover not exceeding €50m or an annual Stability Sheet complete not exceeding €43m
In both case, if the enterprise is greater than 25% owned by a number of enterprises or itself has a holding of greater than 25% in every other enterprise, it will likely be essential to seek the advice of the total definition within the Official Journal (see beneath).
Excluded from the holding firm threshold within the above definition are public funding companies, enterprise capital firms and institutional traders supplied that they don’t train management. Nonetheless, an enterprise can’t be thought-about as assembly both definition if 25% or extra of the capital or voting rights are immediately or not directly managed, collectively or individually, by a number of public our bodies.
Word – If an organization is a part of a bunch the worker, turnover, annual steadiness sheet and possession limits apply to the group.
For the total definition, see the “Official Journal of the European Fee (L 124/36) twentieth Might 2003 – Fee Suggestion of sixth Might 2003 in regards to the definition of micro, small and medium-sized enterprises” (PDF Format).
Click on right here to obtain the SME Definition – Person Information and mannequin declaration brochure, publishd by the European Fee