Shell had the highest annual revenue of all companies based in the United Kingdom in 2024, at approximately 289.7 billion U.S. dollars. BP had the second-highest annual revenue at 202.8 billion dollars, followed by HSBC Holdings, which had a revenue of 144.9 billion U.S. dollars. In terms of global employee numbers, however, Compass Group had the highest number among UK-based businesses, at approximately half a million in 2024, followed by Tesco at 345,000 and HSBC at almost 214,000. Big Oil, a banking giant, and Britain's top supermarket chain The two companies listed as having the most revenue in the UK this year also two of the biggest oil and gas companies in the world, alongside Chevron, Eni, ExxonMobil, and TotalEnergies. After a huge surge in energy prices in 2022, these companies saw their profits recede slightly in 2023, but clearly remain in strong financial positions. HSBC Holdings, meanwhile, was the largest bank in Europe in terms of market capitalization, and was estimated to have the third-highest number of UK-based customers in 2023. The company with the fourth-highest revenue in this year, Tesco has by some distance the largest grocery-market share in Great Britain, a position it has maintained despite growing competition from discounters like Lidl and Aldi. UK economy health check In the first two quarters of 2024, the UK economy grew by 0.7 percent, and 0.6 percent, emerging from a brief recession at the end of 2023. Consumer Price inflation, which reached a peak of 11.1 percent in October 2022, fell below two percent in September 2024, for the first time since April 2021, potentially leading to further interest rate cuts. Despite these generally positive signs, business confidence in the UK in September 2024 was lower than at any point since early 2021. Company insolvencies in England and Wales have also reached levels not seen since the global financial crisis in the late 2000s. This generally mixed picture will be influenced by the next government budget set for the end of October 2024, which may see certain taxes increase due to the UK's tricky fiscal situation.

Numbers of enterprises and local units produced from a snapshot of the Inter-Departmental Business Register (IDBR) taken on 8 March 2024.

According to a 2024 survey, around 37 percent of Chief Information Security Officers (CISO) of companies in the United Kingdom (UK) reported that the board of directors (BOD) was concerned about experiencing a loss in revenue, down from 29 percent since 2023

According to statistics published by the European Commission, in 2020, revenues of data supplier in the 27 European Union countries and the United Kingdom will increase by 9 percent to reach more than 91 billion euros.

According to the source, data companies' revenues correspond to the aggregated value of all the data-related products and services generated by Europe-based data suppliers, including exports outside the EU.

This report analyses merger and acquisition (M&A) activity involving companies domiciled or registered in the United Kingdom. The internationally-agreed definition of a M&A deal is when one company gains more than 50% of the ordinary shares, or voting rights, of the acquired company or companies. These can be domestic transactions - this is where a UK-based company acquires another UK company - or international. Outward M&A transactions are when a UK-based company gains control of another company overseas, while inward M&As are from overseas companies acquiring UK companies. The data is sourced from the Office for National Statistics (ONS) in addition to estimates by IBISWorld. The data is reported as the total value of M&A activity - domestic, inward and outward - over each financial year (i.e., April-March), and considers transactions which result in a change of ultimate control of the target company and those which have a value of £1 million or more.

In 2024, there were approximately 874,665 VAT or PAYE enterprises in the United Kingdom that had a turnover of between 100,000 and 249,999 British pounds, the most of any turnover size band.

Compass Group had by far the highest number of global employees among companies based in the United Kingdom as of 2024, at approximately 500,000 employees. Tesco had the second-highest number of employees at 345,000, followed by HSBC Holdings which had 213,978 employees. As of the same year, HSBC Holdings had an annual revenue of 144.9 billion U.S. dollars, the third-highest among UK-based companies. The oil and gas giant Shell had the highest annual revenue at 289.7 billion dollars, ahead of BP at 202.8 billion dollars. How many businesses are there in the UK? In 2024, there were approximately 5.5 million business enterprises in the UK, down from a peak of 5.98 million in 2020. Although there were just 1,930 large firms that employed 1,000 people or more, these firms employed more than a quarter of the UK's private sector workforce, and made a combined turnover of approximately 1.69 trillion British pounds. As of this year, the construction industry had the highest number of enterprises by sector, at over 870,000. The sector with the most workers was that of wholesale and retail, which collectively employed just under 4.9 million people in 2024, and also had the highest turnover compared to other sectors, at over 1.8 trillion pounds. Current UK economic climate In some ways, the UK economy is in a reasonably good position in 2024. There was moderate economic growth in the first half of the year, inflation has returned to more usual levels, and unemployment has remained low. According to the business confidence index, however, the current sentiment among businesses in September 2024 was lower than it has been since early 2021. Furthermore, the number of company insolvencies in England and Wales has steadily been increasing, with 25,000 taking place in 2023, and 22,000 in 2022, compared with just 14,000 in 2021. When SME leaders were asked in 2023, what the main obstacles to running their business were, 36 percent said increasing costs. The precarious state of the UK's government finances, and potential tax rises in the next budget, are also likely feeding into this pessimistic mood.

Forecast: Business Mobile Services Revenue in the UK 2024 - 2028 Discover more data with ReportLinker!

This report analyses the number of company insolvencies in the United Kingdom. The data exclusively includes creditors' voluntary liquidations (CVLs), compulsory liquidations, administrations, company voluntary arrangements (CVA), and receivership appointments. The data is sourced from The Insolvency Service (TIS), through the agency of the Office for National Statistics (ONS), in addition to estimates by IBISWorld. All figures listed are the number of company insolvencies for financial years (i.e., April-March) and the data is not adjusted for seasonality.

Corporate Profits in the United Kingdom increased to 152043 GBP Million in the first quarter of 2025 from 148024 GBP Million in the fourth quarter of 2024. This dataset provides the latest reported value for - United Kingdom Corporate Profits - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

MB Uk projektai financial data: profit, annual turnover, paid taxes, sales revenue, equity, assets (long-term and short-term), profitability indicators.

The Data Processing and Hosting Services industry has transformed in recent years, with the growth of cloud computing creating new markets. The need for cloud computing has surged thanks to increased demand from banks and a rising number of mobile connections. Many companies think of cloud computing as an innovative way to reduce operating costs thanks to its scalable resource allocation and minimised need for physical infrastructure, which has led to the introduction of new services that make data sharing more efficient. However, cloud technology typically generates lower revenue than traditional methods of on-premises data storage and server hosting, which has constrained revenue growth. Over the five years through 2024-25, revenue is expected to edge up at a compound annual rate of 2.2% to reach £9.9 billion. Profit has improved as IT adoption has climbed, expand the industry’s potential market. The industry has consistently expanded, driven by the rapid adoption of cloud computing and hybrid work models. Platforms like Microsoft Teams and Zoom have become indispensable as companies have pivoted to digital environments, needing robust, low-latency hosting solutions. The industry's ability to adapt and support video conferencing platforms has garnered steady revenue growth. Compounding this, UK businesses are increasingly embracing cloud-based solutions for complex applications, further elevating demand. Fuelled by the economy digital transformation, burgeoning e-commerce, cloud migration and rising demand for robust data handling needs from AI, machine learning and cybersecurity, revenue is projected to climb by 2.2% in 2024-25. Revenue will continue to swell as businesses incorporate data technology into their operations. Competitive pressures will continue to shape market dynamics, with smaller companies leveraging cloud advancements to offer niche, cost-effective solutions. Legislative developments like the Data (Use and Access) Bill could reshape the competitive landscape, reducing costs and invigorating revenue by fostering a more business-friendly environment. Although concerns regarding the security of cloud data storage may limit the industry's growth potential, the continued development of cloud computing should continue to push up revenue moving forward. Revenue is projected to jump at a compound annual rate of 2.1% over the five years through 2029-30 to £11 billion. Nevertheless, companies will have to navigate external pressures, including global competition and workforce challenges.

PAYSTRAX LTD UK filialas financial data: profit, annual turnover, paid taxes, sales revenue, equity, assets (long-term and short-term), profitability indicators.

Virtual data rooms are primarily used for sensitive information-related business transactions like mergers and acquisitions (M&As) and initial public offerings (IPOs). While the financial and legal sectors are the main market for these services, other industries that require confidential document management can also benefit from virtual data rooms. Virtual data room tech is constantly getting better. People are choosing digital over old-fashioned paper filing systems. The NHS reported that only 20% of its organisation is embracing digital maturity in 2022-23 paving the way for more virtual data rooms to step in.Revenue is set to climb at a compound annual rate of 2.4% to reach £215.4 million over the five years through 2024-25, despite weak M&A and IPO activity during periods of economic uncertainty. The pandemic led to a drop in downstream business transactions. A swift rebound followed this, as M&A and IPO activity was revived and players benefitted from increased usage as companies used online data repositories as a means of enhancing online collaboration between dispersed employees. Demand is set to climb through 2024-25 as inflationary pressures have eased and investment is picking up as the industry gains sales from more markets. However, interest rate hikes have weighed on investor sentiment, spurring a slowdown in the volume of business transactions and making companies fearful of M&A activity. Revenue is forecast to grow by 3.4% in the current year.Revenue is forecast to climb at a compound annual rate of 4% to reach £262.4 million over the five years through 2029-30. Despite remaining constrained in the near term, the volume of downstream business transactions requiring virtual data rooms for due diligence is forecast to pick up as economic conditions improve. Companies will keep using their money to pay off debts they racked up during the pandemic and the high living costs crisis as profit picks up. The continued hike in electronic information storage by businesses will support sustained revenue growth in the coming years, with more advanced AI and cloud technology services ramping up the need for storage space.

In 2024, large businesses that employed 1,000 or more people had a combined turnover of over 1.69 trillion British pounds, the most of any business size displayed here.

Social media platforms are integral to people's lives, offering ways to communicate, create and view content and share information. According to Ofcom, approximately 89% of UK internet users in 2023 used social media apps or sites. Teenagers and young adults are the biggest users, although there is rapid uptake among older age groups. Advertising is the primary revenue source for social media platforms, although subscription-based services are gaining momentum as platforms seek to diversify their incomes. TikTok is the success story of the last few years, becoming the most downloaded app between 2020 and 2022, according to Apptopia. The short-form video platform reported that it averaged revenue growth of over 450% between 2019 and 2022. After Musk's takeover, X, formerly known as Twitter, adjusted its content moderation and allowed previously banned accounts to return. As a result, over 600 advertisers have pulled their ads from the site because of fears their brand may be associated with malcontent. In response to falling ad revenue, X has introduced a subscription-based service which enables users to verify themselves and boosts the number of people who view their tweets. Meta-owned Facebook and Instagram have responded by introducing a similar service. Revenue is expected to grow by 14.3% in 2024-25, constrained by a slowdown in user growth for most major social media platforms. Over the five years through 2024-25, revenue is forecast to expand at a compound annual rate of 32.8% to reach £9.8 billion. Looking forward, regulations relating to how data is collected, stored, and shared will force advertisers and platforms to rethink how they can target their desired demographics. The rising prominence of AI will require the introduction of adequate regulations. The Online Safety Bill sets out new guidelines for social media platforms to abide by, with hefty fines in store for those who do not. Operating costs will swell as platforms look to meet consumers’ expectations, weighing on profit. Over the five years through 2029-30, social media platforms' revenue is projected to climb at an estimated 9.4% to reach £15.4 billion.

Doorda's UK Company Data provides a comprehensive database of over 16 million businesses sourced from 75 data sources, offering unparalleled insights for business intelligence and analytics purposes.

Volume and stats: - 16M Active and delisted Companies - 42M Registered directorships - 25K Regulatory & Judiciary, notices and fines

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