[SAOG11280] What is a qualifying company: conditions for a qualifying company: examples of group situation and aggregation
The examples below show for which entities within different group structures the turnover and balance sheet totals must be aggregated.
A UK parent company wholly owns a UK incorporated subsidiary and a subsidiary incorporated in Germany. The UK subsidiary owns another subsidiary incorporated in the UK. The German subsidiary has a UK branch.
The subsidiary registered in Germany does not meet the first condition – it is not a company incorporated in the UK in accordance with the Companies Act 2006. It must not be part of the aggregation. It does not matter that it has a UK branch – the incorporation is the important factor.