Classification

Description

Company Law Mind Map on Classification, created by 40055097 on 09/12/2013.
40055097
Mind Map by 40055097, updated more than 1 year ago
40055097
Created by 40055097 almost 11 years ago
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Resource summary

Classification
  1. Public Companies
    1. minimum share capital £50,000
      1. s117
      2. Can offer securities in public
        1. 2+ directors
        2. Private Companies
          1. Simpler capital rules
            1. shares with less complication
              1. Companies Act 2006 (Amendment) (Accounts and Reports) Regulations 2008
                1. Small company
                  1. turnover < £6.5m
                    1. balance sheet £3.26m
                      1. Small group
                        1. turnover < £7.8m gross
                          1. balance sheet < £3.9m gross
                          2. < 50 employees
                          3. Medium Company
                            1. Turnover < £25.9m
                              1. Balance sheet < £12.9m
                                1. Medium Group
                                  1. Turnover < £31.1m gross
                                    1. Balance sheet < £15.5m gross
                                2. Small companies are audit expemt
                                  1. Unlimited
                                    1. no accounts at all
                                      1. s448
                                  2. other
                                    1. Unregistered
                                      1. s1043
                                        1. pre company legislation
                                          1. Banks/Insurance
                                          2. Dormant
                                            1. s1169
                                              1. no transactions
                                              2. Overseas
                                                1. Subsidiary
                                                  1. conrtolled by another
                                                  2. Single member
                                                    1. Neptune (vehicle Washing)
                                                      1. still needs to have meetings
                                                    2. Quoted
                                                      1. equity share capital on a market
                                                    3. Re-registration
                                                      1. Public to Private
                                                        1. s97
                                                        2. Private to Public
                                                          1. 90
                                                          2. limited to unlimited
                                                            1. s102
                                                            2. unlimited to limited
                                                              1. s105
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