383 Companies qualifying as small: parent companies
383 Companies qualifying as small: parent companies
Companies Act 2006 | Legislation

(1)     A parent company qualifies as a small company in relation to a financial year only if the group headed by it qualifies as a small group.

(2)     A group qualifies as small in relation to the parent company's first financial year if the qualifying conditions are met in that year.

[(2A)     Subject to subsection (3), a group qualifies as small in relation to a subsequent financial year of the parent company if the qualifying conditions are met in that year.]