The most commonly-reported nationality of UK business owners, excluding English, Scottish, Welsh or British, turned out to be Filipinos, according to a study by financial services company ETX Capital.
ETX Capital said this was based on the database of over 200,000 UK businesses and the residences and nationalities of their owners.
“It won’t come as much of a shock to hear that nearly two thirds [66.8 percent] of these business owners report their nationality as British, with another 3.3 percent reporting their nationality as English. However, we wanted to see which other nationalities were investing in UK businesses, so we removed anyone that reported their nationality as English, Scottish, Welsh or British from the table,” the ETX Capital study says.
“The two most common nationalities are both Asian: specifically, Filipino and Chinese,” it says.
The table shows that 5,090 or 2.65 percent of the business owners are Filipinos, followed by Chinese at 2.17 percent and Romanian at 2.01 percent.
Ranking fourth and fifth are also Asian nationalities (Pakistani and Indian) as was 9th (Turkish) and 20th (Bangladeshi). This means that over a quarter of the top 20 nationalities originate in Asia.
The majority of the top 20 are European nationalities, which is less of a surprise considering the relative geographical proximity compared to other continents, according to ETX Capital.
Meanwhile, only two nationalities from Africa made an appearance (Morocco at 11th and Nigeria in 12th) and one from North America (the United States at 15th).
The most common birth month of UK business owners is January while the least common is February. Meanwhile, the most common birth year for business owners is 1988.
About 10.8 percent of UK business owners report their country of residence as outside the UK. Again, the most common country is the Philippines, with 4,984 or 2.59 percent of business owners. It is followed by China (1.39 percent) and Morocco (0.60 percent). Of the top 20, most nationalities are either European or Asian.
The study also shows that the most common birth month of UK business owners is January, while the least common is February. Meanwhile, the most common birth year for business owners is 1988.
“This makes sense considering the fact that business owners born in the 60s are now approaching retirement age, while many of those born in the 2000s simply aren’t old enough to make owning a business very likely,” the study says.
The study concludes that the data provide a great demonstration of the United Kingdom’s continuing diversity when it comes to businesses.
“People from all over globe are contributing to the country’s economy and in return they’re seeing their own goals and dreams come to life,” it says.