As part of its bid for greater transparency, the Government had asked Companies House to review the level of disclosure by FTSE 350 companies of their respective subsidiaries – as required by the Companies Act 2006 (‘the Act’)3 – and has now published the results of that review.
Companies House originally found that some 124 FTSE 350 companies had not complied in full with the relevant requirements of the Act. However, following a reminder, all 124 companies have now done so, or have committed to doing so. Companies House will continue to monitor FTSE 350 companies on an on-going basis in an attempt to ensure their full compliance with the subsidiary disclosure requirements.
Companies House report on FTSE 350 companies and the disclosure of their subsidiaries available at: