What you need to know: changes to company size thresholds

Peter Herbert FCA sets out key considerations for businesses planning for changes in company size thresholds and implications for accounting year ends

The uplift in company size thresholds has been driven by an attempt to cut complexity and reduce the reporting burden on companies. The Companies (Accounts and Reports) Regulations 2024 (SI 2024/1303) has also taken into account the impact of inflation since the last threshold change in 2013.

Current thresholds

The current micro, small and medium-sized company limits are as follows:

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