Finance for Small and Medium-Sized Enterprises - DTI Home Page

Finance for Small and Medium-Sized Enterprises: A Report on the 2004 UK Survey of SME Finances
Table 6. 3.1:
Average Total Monthly Bank Charges (All businesses with Bank
Accounts)
(Excluding Interest on Overdrafts or Loans) (Population Weighted)
MEAN (£) ERROR
MARGIN ±
All 50.9 8.0
N = 3,239,060
p
N = 2,248
Number of employees
0 24.7 10.4
1-9 64.9 12.3
10-49 201.9 45.1
50-249 431.6 67.0
Turnover (£)
Less than 10,000 14.6 6.1
10,000-49,999 17.1 3.3
50,000-99,999 25.9 5.3
100,000-249,999 42.0 9.6
250,000-499,999 66.6 16.5
500,000-999,999 149.5 89.8
1,000,000-4,999,999 199.2 58.2
5,000,000 or more 430.2 159.4
Gender
Ethnicity
Age
Male 50.0 9.6
Female 53.7 15.7
White 50.4 8.5
Non-white 56.8 25.8
Less than 2years 32.7 12.6
2 years or more 52.3 8.7
Turnover Growth
Less than 30% 49.0 6.3
30% or more 100.7 69.7
• SMEs pay, on average, £51 in total monthly bank charges.
• This figure ranges from £25 for businesses with no employees, up to £430
for businesses with 50-249 employees.
• By turnover, charges range from under £15 per month up to £430 per
month.
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