This hopes to be an interactive data article serving as a primer into business in the UK. It's inspired by the statistical bulletins from ONS and is an exploration of data, techniques and libraries as a proof of concept. Please do explore and feedback is always welcome.
This article makes use of the following data sources:
|NOMIS||UK Business counts||Source|
|ONS||UK business: activity, size and location||Source|
|ONS||Business demography, UK||Source|
|Companies House||Free Company Data Product||Source|
|Future of Business Survey||Source|
Overview questions and charts are added below. Data cuts have been taken and comments will be added in the code for your own analysis.
Being or doing business can mean various things but there are primarily three ways people go about doing this in the UK:
There are lots more businesses structures and due to that variety the majority of UK statistics use a list called the Inter-Departmental Business Register (IDBR) to count businesses. A singular business, for our needs, in this article refers to a single enterprise.
An Enterprise can be defined as the smallest combination of legal units (generally based on VAT and/or PAYE records) that is an organisational unit producing goods or services. via ONS
At the same time we also need to consider Standard Industrial Classifications (SIC codes). Similar to the variety of businesses structures there are a large number of things a business can do to meet the needs of it's customers. To capture all the variety activity the SIC was created and is used to group economic activites.
A Standard Industrial Classification (SIC) was first introduced into the UK in 1948 for use in classifying business establishments and other statistical units by the type of economic activity in which they are engaged.via ONS
To explore this interactively, press the button below to see a SIC code and it's description.
1110,Growing of cereals (except rice), leguminous crops and oil seeds
As you can see the code and description is usually fairly self explanatory but also diverse. Complex businesses can apply multiple SICs to themselves. For example a software consulting firm might list themselves engaging in design, software development, professional services and more. Here's one more example:
TESCO STORES LIMITED Company number 00519500
Nature of business (SIC):
47110 - Retail sale in non-specialised stores with food, beverages or tobacco predominating
47290 - Other retail sale of food in specialised stores
47710 - Retail sale of clothing in specialised stores
47750 - Retail sale of cosmetic and toilet articles in specialised storesvia Companies House
Now that we have this understanding we can go one more step further and group SIC codes. These are termed Broad Industry groups they can be thought of as clusters of SICs in further manageable sectors.
The chart below shows Broad Industry Groups totalling the number of SIC sections attributed inside them. These are a helpful indication of how the UK economy is structured. Each of the SIC subsections can be explored further here.
Building on those SIC codes groupings inside the broad industry group, what businesses do and how many of them can be analysed by the SIC data. The chart below shows the number of businesses per industry group.
The UK is
This is a more complex question to analyse
To explore this we need to understand that businesses are made up of groups of people. can take a look at the FB
Thanks for reading, by logikblok
Thanks for reading, by logikblok