Fewer than 500 staff and either not more than €100 million turnover or €86 million gross assets. Most companies, including start-ups fall into this category.
When looking at the above criteria to identify if you are classed as an SME, you also need to take into consideration any external investors that your company has. You may need to include the figures of any connected or partner companies in your calculations.
The staff, turnover and balance sheets of any connected companies should be included in the figures when assessing if you are an SME. Your company is connected to another company if:
a) it holds over 50% of the voting rights in another company
b) another company holds over 50% of the voting rights in your company
You need to include a proportion of the staff, turnover and balance sheets of any partner companies in your figures when assessing if you are an SME. The proportion to include is based on the percentage of ownership. You have a partner company if:
a) a company holds over 25% of your voting rights or capital
b) you hold over 25% of another company’s voting rights or capital