The examples below show for which entities within different group structures the turnover and balance sheet totals must be aggregated.

Example 1

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.

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.