On 1st November 2022 the company purchased one hundred and twenty £0.01 Ordinary shares in Forward Action Ltd representing 100% of that company's share capital.The directors have assigned a notional £0.01 to these shares for recording in the financial statements.
The company is trustee of the Forward Action Employee Trust and the shares are held for the long term as nominee for the Trust.
The company does not have the power to govern the financial and operating policies of Forward Action Ltd and accordingly the directors do not consider that company to be either a subsidiary or an associated undertaking.