Mid-market firms make an outsize contribution to economic activity in Scotland but don’t get anything like the recognition they deserve, the head of the BDO accountancy firm in the country has said. Martin Gill said firms with between £10 million and £300m takeover make up only one per cent of the stock companies in Scotland. However, they account for 15 per cent of private sector jobs and nearly 20 twenty per cent of turnover. BDO found medium-sized firms grew turnover by 63 per cent in total over the last five years, from £32bn to £52bn. Mr Gill said encouraging Scotland and Britain’s mid-market has to be at the heart of Government plans but added: “Currently the mid-market falls into a policy and profile gap – too big to benefit from the policies aimed at small businesses and too small to get the attention lavished on FTSE firms.”
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