382 Companies qualifying as small: general
Companies Act 2006 | Legislation

382  Companies qualifying as small: general

(1)     A company qualifies as small in relation to its first financial year if the qualifying conditions are met in that year.

[(1A)     Subject to subsection (2), a company qualifies as small in relation to a subsequent financial year if the qualifying conditions are met in that year.]

[(2)     In relation to a subsequent financial year, where on its balance sheet date a company meets or ceases to meet the qualifying conditions, that affects its qualification as a small company only if it occurs in two consecutive financial years.]

(3)     The qualifying conditions are met by

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