Company Turnover is 0 but I know it’s trading!

If you have bought a company report for a company that you know to be trading and yet the turnover in the report is zero, this is because of the “Disclosure Threshold”. In layman’s terms, this means that the company does not have to file profit and loss accounts because they do not make enough money. A company does not need to file their turnover if it meets at least 2 of the following conditions:

  • annual turnover must be not more than £6.5 million
  • the balance sheet total must be not more than £3.26 million
  • the average number of employees must be not more than 50

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Mathew Aitken

is Head of Content at at Made Simple Group. This entails overseeing Made Simple Group's blogs (five in all!) and any other content we happen to be producing. In his spare time Mathew is an avid film-goer, TV-watcher and Tottenham Hotspur-endurer.