Clause 21 - Relevant merger situations
Enterprise Bill
4:30 pm
Miss Melanie Johnson (Parliamentary Under-Secretary, Department of Trade and Industry; Welwyn Hatfield, Labour)
Clearly, there is not a straightforward one-for-one correlation between assets and turnover. I do not understand the hon. Gentleman's point. In 2000, we carried out research on the levels of turnover and assets of 110,000 UK companies. The data showed that the number of companies with a turnover of £45 million roughly equated to the number that had assets of £70 million, as I have said.