HC Deb 15 October 1969 vol 788 cc91-2W
53. Mr. John Lee

asked the President of the Board of Trade what is the number and total capital value of public companies whose controlling interest is held by persons or institutions with a foreign domicile; and what were the corresponding figures for 1964 and 1966.

Mrs. Gwyneth Dunwoody

The following is the information:

Industrial and commercial companies controlled overseas

Figures are available only for industrial and commercial company groups, both private and public. The number of such groups controlled overseas is approximately 2,000.

More detailed figures are available only for large companies. The following table gives figures for companies, with net assets of £½m. or more, or income of £50,000 or more, in 1964, which are controlled overseas, excluding companies whose main interests are in agriculture, shipping or property. The companies for which figures are given in the table represent much the greater part of the total capital values for all overseas controlled companies.

End of: Number of company groups Value of net assets*
£ million
1964 421 1,868
1966 413 2,420
1967 411 2,435
*Fixed assets plus current assets less current liabilities.