Small company definition

A company can only be small if inter alia it is not a member of an ineligible group.

CA 2006 changed the definition of ineligible group slightly to include members who are: -

- a public company

- a body corporate (other than a company) whose shares are admitted to trading on a regulated market in an EEA State,

Note that 'public company' is defined as one incorporated under CA 2006 and so a UK subsidiary of say a French unlisted plc can now be a small company.

There seems to be a bit of ambiguity relating to the second point.  What does it mean by 'other than a company'?  Presumably a French listed company is a 'company', not something 'other than a company' and so this might suggest that a UK subsidiary of a French listed company qualifies as a small company.  If not then why did they bother with the bracketed words?

Comments
There are 4 comments. Login or register to view them.

Presumably?

davidwinch |
davidwinch's picture

A company

jon_griffey |
jon_griffey's picture

Because

davidwinch |
davidwinch's picture

EEA listed co

jon_griffey |
jon_griffey's picture