Mid-sized companies
First 5000 caters for Australian owned enterprises which typically:
⇒ Employ between 20 and 199 people
⇒ Report a turnover above $10 million a year
⇒ Enjoy annual growth rates of 15% and over
⇒ Have been in operation for 6-10 years or more
⇒ Can be innovative
⇒ Looks to trade internationally
For more information read GAP’s latest research summarised in this handy infographic and read the in depth report from GAP’s summit on mid-sized businesses, held in September 2017.
More facts and figures
Medium-sized businesses in Australia – over 51,000 companies with 20-199 employees (ABS, 2017) – are an impressive cohort:
- Collectively, they employ almost 2.5 million people
- They turn over $717.3 billion in sales and service revenue annually
- They operate in all the major industry sectors
- Services, manufacturing and retail are the biggest employers
- Wholesale trade is the biggest earner, followed by manufacturing,construction and retail
The most successful of these innovative businesses – the top-performing midsize companies with a turnover between $10 million and $250 million – account for half of the sector’s total workforce and over three quarters of its cumulative revenue10. A substantial proportion of these businesses are family-owned11 (see Infographic in attachment).
Over 76% of medium-sized businesses are located in three major states – NSW (almost a third, 31%), followed by VIC and QLD (25% and 20% respectively).