Micro, small or medium? The company size limits went up in 2025
For accounting periods starting on or after 6 April 2025, the turnover and balance sheet limits rose by about half. More companies can file simpler accounts and skip an audit.
The size of a company decides what accounts it prepares, what it files at Companies House and whether it needs an audit. For accounting periods beginning on or after 6 April 2025, the monetary limits were raised to reflect inflation since they were last set.
Show the data
| Periods before 6 April 2025 | £10,200,000 |
|---|---|
| From 6 April 2025 | £15,000,000 |
The limits now (meet at least two)
- Turnover up to £1 million
- Balance sheet up to £500,000
- No more than 10 employees
- Turnover up to £15 million
- Balance sheet up to £7.5 million
- No more than 50 employees
Medium-sized companies can have turnover up to £54 million. A small company, including a micro-entity, can usually claim audit exemption, though some, such as members of certain groups, cannot.
Why it matters
A company that has moved down a category may be able to drop its audit or file less detail. A growing company should also check when it will cross a line, since it usually takes two consecutive years to change size.
Companies House is moving to filing through software only. Paper and the free online service will be phased out, so check how you will file your next accounts.
This insight is general information, not advice for your circumstances. Talk to us before acting on it.