Whitings SME Growth Index

27th February 2014

Data Source: Whitings’ SME Growth Index

The Whitings’ SME Growth Index is a barometer to measure and bench-mark how successful our clients are in being able to grow their businesses. It is constructed as follows:

  1. Year on year turnover (excluding exceptional income sources) is continually measured over the review period.
  2. Results are assigned to the year in which the year end falls,
  3. Data is extracted from the accounts of a random sample of approximately 500 anonymized local SME businesses.
  4. Sample only includes trading businesses (excludes investment businesses, clubs and charities).
  5. Average growth is calculated as the median of the sample.
  6. Sample includes businesses in start-up and cessation phases.
  7. Sample includes both entrepreneurial and lifestyle businesses.
  8. The data breaks down into 14 trade sectors.

 

Snapshots:    2021  |  2020  |  2019

Client performance bench-marking:     example

 

Blog entry by: Ian Piper

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