Business performance of SMEs in the UK 2012-2023

As of the fourth quarter of 2023, 67 percent of SMEs in the United Kingdom reported that they had made a profit in the previous 12 months, compared with eight percent that broke even, and 14 percent that made a loss. The share of SMEs that made a profit was relatively stable until 2020, when it fell from 73 percent in the first quarter of that year to 47 percent in the second quarter, 2021.