What is the size of a limited company?

The size of a limited company is typically determined by its number of employees, annual revenue, and balance sheet total. In the UK, for instance, a small limited company is defined as having fewer than 50 employees, an annual turnover of less than £10.2 million, or a balance sheet total of under £5.1 million. Medium-sized companies may have up to 250 employees and meet certain financial criteria. These classifications help determine regulatory obligations and reporting requirements.