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DataGardener

DataGardener

Diversity Index - Ethnicity

Active Companies

5.2M+

Ethnic Minorities Companies

191K+

British Ethnic Minorities

167K+

Non-British Ethnic Minorities

23K+

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The most common SIC industry for ethnic minority-owned businesses is Wholesale And Retail Trade; Repair Of Motor Vehicles And Motorcycles (G) making up 19.6% of the total ethnic minority-owned businesses in the UK. The least common SIC industry for ethnic minority-owned businesses is Activities Of Extraterritorial Organisations And Bodies (U), making up 0.0% of the total ethnic minority-owned businesses in the UK.
The SIC industry with the highest growth rate in the last year for ethnic minority-owned businesses is Information And Communication (J), where the number of businesses increased by 12.3% from 15,339 to 17,218. The SIC industry with the lowest growth rate in the last year for ethnic minority-owned businesses is Mining And Quarrying (B), where the number of businesses decreased by 8.3% from 145 to 133.

The region with the highest number and percentage of ethnic minority-owned businesses is London, where there are 75,901 businesses, making up 39.6% of the total ethnic minority-owned businesses in the UK. The region with the lowest number and percentage of ethnic minority-owned businesses is Northern Ireland, where there are only 418 ethnic minority-owned businesses, making up 0.2% of the total ethnic minority-owned businesses in the UK.

* The Percentages & Counts may not add up due to a company being able to trade under multiple SIC Codes.

The table shows the distribution of risk bands for ethnic minority businesses among 191,253 companies, based on their financial performance and stability. Surprisingly, most fall into the “Low Risk” category at 30.4%, while a substantial portion is classified as “Very High Risk” at 26.5%. “Very Low Risk” and “Moderate Risk” also show significant representation. Strikingly, the “High Risk” category has the smallest percentage at 2.1%. This data not only underscores the diverse risk profiles among ethnic minority businesses but hints at a trend where many operate in higher risk categories, potentially indicating a mix of challenges and opportunities within this entrepreneurial landscape.

The table displays the turnover data for ethnic minority businesses, showing a fascinating trend. Most companies (49.4%) operate within the £1 to 500K range. Higher turnover brackets have limited representation, with very few businesses in the higher ranges. This data suggests that most ethnic minority businesses thrive in lower turnover ranges, with fewer ventures in the higher turnover categories.

Want to Learn More? Read from a selection of Finance and Lending Posts available on our Website.

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