466 Companies qualifying as medium-sized: parent companies
466 Companies qualifying as medium-sized: parent companies
Companies Act 2006 | Legislation

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

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

(3)     A group qualifies as medium-sized in relation to a subsequent financial year of the parent company—

(a)     if the qualifying conditions are met in that year and the preceding financial year;