- This topic has 1 reply, 2 voices, and was last updated 1 month ago by trephena.
August 9, 2022 at 4:19 pm #662782reen4
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I encountered a litlle problem whilst selecting the organisations for my RAP. Here is the scenario. I was able to obtain the financial statements from the website of the Companies’ House in the UK. However, the type of accounts filed are group accounts and according to the Company’s act 2006, group accounts should be filed. The organisation is a large one and it is a private limited liability company by shares. It has branches in all of the UK, that is, England, Scotland, Wales and Northern Ireland. However, the owner of the organisation in the UK is a company in Germany. The company was first registered in the 90s in the UK.
I need help in understanding the requirements of the UK’s company’s Act, 2006. Does the requirement to file group account imply that the financial statements of the overseas company, the company in germany, is consolidated with the overall financial statements of the company in the UK?
If this is the case, how or where can I get only the financial statements of the organisation in the UK. The financial statements are not on the website of the said organisation.
I am not a UK resident but I’m using the organisation in the UK for my RAP and I need this understanding as it would affect my analysis and evaluation.
I appreciate your help. Thank you.August 12, 2022 at 10:50 am #662947trephenaModerator
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The two usual places to find the annual reports in the UK apart from a company’s own website, are the stock exchange if it happens to be a plc AND companies House.
Unfortunately private limited companies Ltds., only have to file theirs with Companies House as you have discovered. Apart from commenting that the implication is that they must be complying with the Companies Act 2006 and relevant Uk requirements, I am unable to offer detailed explanation of what exactly the rules are in respect of overseas groups that have a Uk subsidiary as this is entering the realm of a dedicated corporate lawyer. The practical need is to resolve the issue.
The only possible solution might be to approach the company’s Uk company secretary (this might in fact be a specialist corporate law firm) at their Uk registered address (details for these are held on the CH registrar) and explain your position. Try to make a little case of how you have searched their Companies House filings and it would be good PR as well as furthering education if you could be supplied with some basic financial information that would fulfil your purpose (outline the type of thing you need). Your request may be totally ignored but I can’t see how you can otherwise obtain non-published information when there is no legal obligation for the company to make it available since it comes down then to goodwill on their side. Sorry
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