Directors' report - statutory and corporate governance information
Tax and investment company status
The Company is an investment company as defined by section 266 of the Companies Act 1985 and carries on business as an investment trust.
HM Revenue & Customs has approved the Company as an investment trust under section 842 of the Income and Corporation Taxes Act 1988 for the financial period to 31 March 2006. Since that date the Company has directed its affairs to enable it to continue to be so approved.