A UK small company is selling 50% of its shares to a European company with a T/O of €9M and >50 employees - is the UK small company now part of a large group and required to submit audited accounts?
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50%
... of the shares does not usually make the UK company a subsidiary. If so, nothing changes. The UK company is small, entitled to use the FRSSE and exempt from audit.
If there is some other factor apart from the 50% shareholding that makes the UK company a subsidiary, it remains small and is entitled to use the FRSSE, but as a member of a group which is not small, it is not exempt from audit.