SolvedVCM90250 | CVS: general: qualifying issuing companies: restrictions on numbers of employees
From HM Revenue & Customs · Venture Capital Schemes Manual
FA00/SCH15/PARA22A
From 19 July 2007 there is also a limit as to how many employees the company (or the group of companies if the company issuing the shares is the parent company) can have. See VCM13120 for details