PART 2SMALL AND MEDIUM-SIZED COMPANIES AND GROUPS
Conditions for company or group to qualify as small3
1
In the table in section 382(3) of the 2006 Act (conditions to be met by company to qualify as small)—
a
in item 1 (turnover) for “Not more than £5.6 million” substitute “Not more than £6.5 million”, and
b
in item 2 (balance sheet total) for “Not more than £2.8 million” substitute “Not more than £3.26 million”.
2
In the table in section 383(4) of the 2006 Act (conditions to be met by group for parent company to qualify as small)—
a
in item 1 (aggregate turnover) for “Not more than £5.6 million net (or £6.72 million gross)” substitute “Not more than £6.5 million net (or £7.8 million gross)”, and
b
in item 2 (aggregate balance sheet total) for “Not more than £2.8 million net (or £3.36 million gross)” substitute “Not more than £3.26 million net (or £3.9 million gross)”.