Terminal loss relief individuals vs companies

Hello, I wanted to clarify something about terminal loss relief.

On page 72 of lecture notes it says “The terminal loss is then set against the trading profit for the tax year of cessation (if any – note this is usually a nil assessment given the loss arising) and then against the trading profits of the previous three tax years on a LIFO basis.” this is for individuals and terminal loss can ONLY be offset against TRADING PROFITS.

Then on page 142 of the lecture notes, on “Losses in the final twelve months of trading” for companies it says “Losses can be carried back against total profits before deduction of qualifying charitable donations of the 36 months preceding the loss making period on a LIFO basis.” so the terminal loss here can be offset against ALL income including interest income gains etc.

So I understand that individuals can only claim terminal loss against their trading profit whereas companies can extend this to all profits. Is that correct?

Many thanks