A parent company qualifies as a medium-sized company in relation to a financial year only if the group headed by it qualifies as a medium-sized group.
A group qualifies as medium-sized in relation to the parent company's first financial year if the qualifying conditions are met in that year.
A group qualifies as medium-sized in relation to a subsequent financial year of the parent company—
if the qualifying conditions are met in that year and the preceding financial year;
if the qualifying conditions are met in that year and the group qualified as medium-sized in relation to the preceding financial year;
if the qualifying conditions were met in the preceding financial year and the group qualified as medium-sized in relation to that year.
The qualifying conditions are met by a group in a year in which it satisfies two or more of the following requirements—
The aggregate figures are ascertained by aggregating the relevant figures determined in accordance with section 465 for each member of the group.