152 JUST GROUP PLC Annual Report and Accounts 2020
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS continued
36 GROUP ENTITIES continued
Percentage of nominal share capital and voting rights held
Principal activity
Registered office
Just Incorporated Limited
Dormant Dormant Dormant Dormant Dormant Dormant Dormant Dormant Dormant Dormant Dormant Dormant Dormant
Reigate
100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%
Just Management Services (Proprietary) Limited
South Africa
Just Protection Limited Just Retirement Finance plc
Reigate Reigate Reigate Reigate Jersey Jersey Reigate Reigate Reigate Reigate Reigate Reigate Reigate
Just Retirement Nominees Limited Just Retirement Solutions Limited
PAG Finance Limited PAG Holdings Limited
PASPV Limited
PayingForCare Limited PLACL RE 1 Limited PLACL RE 2 Limited
TOMAS Acquisitions Limited Corinthian Group Limited
Holding company Pension consulting
75% 75%
HUB Pension Consulting Limited Spire Platform Solutions Limited 2,3
Software development
Portsmouth
33% 4
1 Class “A” and Class “B” ordinary shares.
2 Class “B” ordinary shares.
3 30 June year end.
4 Control is based on Board representation rather than percentage holding.
5 The financial statements of these subsidiary undertakings have not been audited for the year ended 31 December 2020. These subsidiary undertakings are exempt from the requirements of the Companies Act 2006 relating to the audit of individual financial statements by virtue of Section 479A of the Companies Act 2006. Registered offices Reigate office: Belfast office: South Africa office: Enterprise House 3rd Floor, Arena Building Office G01, Big Bay Office Park Bancroft Road Ormeau Road 16 Beach Estate Boulevard, Big Bay Reigate, Surrey RH2 7RU Belfast BT7 1SH Western Cape 7441
Jersey office: 44 Esplanade
United States office:
Portsmouth office:
2711 Centerville Road, Suite 400
Building 3000, Lakeside North Harbour
St Helier
Wilmington
Portsmouth
Jersey JE4 9WG
Delaware
Hampshire PO6 3EN
On 25 November 2020 the Parent Company invested in a cell of a Protected Cell Company, White Rock Insurance (Gibraltar) PCC Limited. Financial support provided by the Group is limited to amounts required to cover transactions between the cell and the Group. At 31 December 2020 the Group had provided £10m financial support in the form of a letter of credit. On 24 July 2019 the Group disposed of its 33% interest in associated undertaking Eldercare Group Limited. At disposal, the Group’s share of the net assets of Eldercare Group Limited recognised on the Consolidated statement of financial position under the equity method of accounting was £0.3m. On 4 July 2018 the Group subscribed to 33% of the ordinary share capital of Spire Platform Solutions Limited. The Group has majority representation on the Board of the company, giving it effective control, and therefore consolidates the company in full in the results of the Group.
On 17 August 2018 the Group acquired 75% of the ordinary share capital of Corinthian Group Limited.
The non-controlling interests of the minority shareholders of Spire Platform Solutions Limited and Corinthian Group Limited totalling £(0.2)m have been recognised in the year.
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