There are over 1200 translation companies registered in the United Kingdom, collectively providing services and technology grossing over £1bn per annum. In 2017 revenues combined are expected to surpass £1.15bn. They employ over 12,000 staff, not only in the UK but also in the United States, Western and Eastern Europe and Asia.
The industry plays a vital role in the nation’s economy by providing essential translation services to UK businesses competing in the global marketplace and through the revenues generated by the sector’s year-on-year growth. The Top 60 companies constitute 25%, with each of them attaining revenues in excess of £1m. The remaining industry organisations are smaller companies with in-house employees ranging from one to five people. The collective volume of business generated by smaller providers is estimated to be in the region of £300m.
The UK market meets the Pareto principle: 20% of the largest companies are responsible for around 80% of the revenue. In many other countries, the language services business is less concentrated and large providers typically generate 30% or less of total revenue. This means that consolidation in the UK has reached a more advanced stage than other countries such as Russia, the Baltic states or France.
Translation and interpretation services offered to companies, organisations and individuals cover all languages, as well as different areas of expertise, including specialist and technical translations.