EN The Magazine for Entrepreneurs

18 May 2006

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Only 40 per cent of businesses have a presence on the Internet, with small and medium sized enterprises making up the vast majority of online laggards, according to figures from the Office of National Statistics

The UK's largest two percent of online businesses, meanwhile, account for 75 per cent (£53.4bn annually) of revenue, with the nation's remaining 1.5 million businesses sharing the crumbs from their table.

Lawrence Jones, managing director of Manchester-based web hosting firm UKFast, comments, "The figures are staggering. Less than 8% of all SMEs are profiting directly from the web."

He claims though, that things are improving, with a sharp increase in sales of dedicated servers to SMEs this year. "Companies are now moving in their droves from shared hosting to more sophisticated solutions," he continues.

"2006 sees serious SMEs taking a bigger chunk out of the corporate wealth and increasing the profits available online."

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