Secure the finance you need to get your company off the ground or get it to the next stage of its evolution with a small business loan.Read more…
UK business owners
The typical business owner is 51, British and male
We analysed data submitted on over 5 million people to the Companies House, People with Significant Control (PSC) register. As the name suggests, this register includes individuals, companies and legal persons who own a large portion of a company, or otherwise have the right to significantly influence its actions. How do the individuals in this sample compare to the rest of the UK population?
The average age of UK business owners
Their ages approximately follow a bell-shaped curve. The most common age is 51, accounting for 2.92% of the sample, compared to only 1.45% of the general population. The average age is a little lower, at 49 years old. People between 37 and 67 years of age are also overrepresented in business owners, meaning you’re more likely to find them in a sample of company shareholders than in a random sample of people.
Age distribution of business owners vs. the general population
MethodologyThe full PSC dataset was downloaded from the Companies House site on 19 January 2018. People, companies and legal entities included in the dataset all fulfil at least one of the following criteria:
- They hold over 25% of a company’s shares.
- They hold 25% of a company’s voting rights.
- They have the right to appoint or remove the majority of directors.
- They have the right to exercise significant influence or control.
- They have the right to exercise significant control over a company that meets any of the four previous conditions.
CSVs were produced counting up the information provided by each PSC. The data was then cleared of very low-frequency responses that were clearly a mistake, such as the person who entered “Douglas” as their title.
Age was calculated from the date of birth by subtracting its year from 2018 (which, since this calculation was done on January, will be accurate the majority of the time). The age distribution of the general population was taken from the ONS, adding two years to each age, as two years have passed since that dataset was uploaded.
The gender ratio was calculated from all titles with a definite gender. All gender neutral titles were left out.
The distribution of nationalities among the general population was sourced from the ONS, and combined with their estimate of the UK population for the same time period, to get the percentage of each nationality.
Click here for more research. For all media enquiries, please contact:
Download Finder’s free report on how the business loans landscape has been evolving during lockdown, featuring expert commentary and new research on consumer spending intentions as the UK economy reopens.Read more…
The high-street bank becomes the 18th accredited lender under the government’s small business loan scheme.Read more…
iwoca, one of Europe’s largest small business lenders, has been approved today by the British Business Bank to join the Coronavirus Business Interruption Loan Scheme (CBILS).Read more…
FinTech lenders Tide and Liberis have been approved to join the British Business Bank’s CBILS and BBLS schemes, respectively.Read more…
The British Business Bank has announced that Capital on Tap is now an accredited lender under the Coronavirus Business Interruption Loan Scheme (CBILS).Read more…
More guides on Finder
How many people are still using bank branches in the UK in 2020?
Are people still using bank branches? Is your area being affected by bank branch closures? Find out the latest data here.
Buy now pay later (BNPL) statistics | 2020
Buy now pay later is the fastest growing online payment method in the UK. Discover the latest statistics on how it’s disrupting the payments industry.
Banking statistics 2020
What are the biggest and most famous banks? Which banks are winning and losing customers? How are opinions about banks changing? We have collected all the latest banking statistics here.
Technology has been a hugely successful investment in recent years. Find out more about technology ETFs and why it’s worth investing in them.
Most popular podcasts in the UK 2020
We found out how popular podcast listening is in the UK, how much is spent on advertising and what the most popular podcasts are.
Mask usage in the UK and around the world
97% of Brits own a face mask, the most out of all the 15 countries in our global study.
Toyota Auris insurance group and cost
Find out the average cost of car insurance for a Toyota Auris in the UK based on the specific model version, the driver’s age and their location.
Online shopping fraud statistics
Online shopping fraud and scams increased by 37% in the first half of 2020. Find out the latest figures and how to avoid online shopping scams.
Historical price tracker: House prices, inflation and more
Find out how the prices of common items in the UK have changed since 1980 in comparison to inflation.
Finder reached out to the general public to see what factors play the biggest role when it comes to finding their ideal home.
Ask an Expert