Do I Need SECR With 250 Employees?

SECR Required?DEPENDS

Explanation

250 employees is the threshold, but you need 2 of 3 criteria. If you have 250 employees AND £36m+ turnover OR £18m+ balance sheet, you must file SECR.

Action Required

Check your financial position. If you meet 2 of 3 criteria, you must file.

Future Planning

If only meeting employee threshold, monitor financial criteria annually.

Related Considerations

Check turnover and balance sheet totals
Group companies—aggregate across UK group
First year filing has transition arrangements

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