Data on business closures by size of business are not available. The data provided below covers all registered business closures in the UK for the periods specified.<\/p>
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According to the business counts published in 2020 by the Office for National Statistics in UK business: activity, size and location<\/a>, 98.1% of all registered business are small (0 to 49 employees). Therefore, the vast majority of business closures are very likely to be small businesses.<\/p> <\/p> Data on business closures over the last 3 financial years<\/strong> are shown in table 1:<\/p> <\/p> <\/p> Table 1: Number of business closures by financial year, all registered businesses<\/strong><\/em><\/p> Financial Year<\/strong><\/p><\/td> Number of business closures<\/strong><\/p><\/td><\/tr> 2019/2020<\/p><\/td> 383,000<\/p><\/td><\/tr> 2018/2019<\/p><\/td> 348,000<\/p><\/td><\/tr> 2017/2018<\/p><\/td> 351,000<\/p><\/td><\/tr><\/tbody><\/table>