(1) A company qualifies as medium-sized in relation to its first financial year if the qualifying conditions are met in that year.
(2) A company qualifies as medium-sized in relation to a subsequent financial year—
(a) if the qualifying conditions are met in that year and the preceding financial year;
(b) if the qualifying conditions are met in that year and the company qualified as medium-sized in relation to the preceding financial year;
(c) if the qualifying conditions were met in the preceding financial year and the company qualified as medium-sized in relation
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