A client operates a company which manages a portfolio of flat management companies. It's income is derived from charging a fee for managing all aspects of the flat management companies.
Client is now disposing of the company and I am checking whether entreprenuers relief is available on the sale of the shares. Everything seems to qualify (1 year ownership rules, 5% of voting rights etc) however I want to double check that a company managing a portfolio of flat management companies is regarded as a "trading company". From my research it is, as it owns no investments (apart from bank interest) and receives no rental income. It's purley a management charge which forms the company's turnover and apart from bank inetrest there are no other investments.
Am I correct to treat this type of company as a "trading company" for entreprenuers relief?