If you have bought a company report for a company that you know to be trading and yet the turnover in the report is zero, this is because of the “Disclosure Threshold”. In layman’s terms, this means that the company does not have to file profit and loss accounts because they do not make enough money. A company does not need to file their turnover if it meets at least 2 of the following conditions:
- annual turnover must be not more than £6.5 million
- the balance sheet total must be not more than £3.26 million
- the average number of employees must be not more than 50
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