Subsidiary trading company definition
Subsidiary trading company means any non-charitable trading company owned by a charity or charities to carry on a trade on behalf of the charity (or charities), including a company which is wholly owned by a
Subsidiary trading company means any non-charitable trading company owned by a charity or charities to carry on a trade on behalf of the charity (or charities), including a company which is wholly owned by more than one charity, even if it is not technically a ‘subsidiary’ of any of the charities which own it.