Do I Need SECR With 500 Employees?
SECR Required?DEPENDS
Explanation
500 employees well exceeds the 250 threshold. You likely qualify for SECR if you also meet either the £36m turnover or £18m balance sheet criteria.
Action Required
Check financial criteria. If you meet 2 of 3, SECR filing is mandatory.
Future Planning
Establish annual SECR reporting processes.
Related Considerations
- Large company compliance requirements
- Group reporting if applicable
- Consider ESOS Phase 3 compliance too
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