The Companies (Miscellaneous Reporting) Regulations 2018 require companies to include new content in their annual reports relating to section 172 (‘s172’) of the Companies Act 2006, where they meet certain specific qualifying conditions.

The new disclosures require the company’s strategic report, in the company’s accounts of certain sized companies to include a statement which describes how the directors have had regard to the matters set out in s172. A separate s172 statement is required for all large companies within a group and must be made available on a website as soon as reasonably practicable and until the s172 statement for the next financial year is available on a website.

Please find below the s172 statements for the BT Group subsidiaries which meet the qualifying conditions.