Crossword Genius

A way to take in company's course (5)

Ross

I believe the answer is:

ascot

'course' is the definition.
(I've seen this before)

'a way to take in company's' is the wordplay.
'way' becomes 'st' (**).
'to take in' means one lot of letters goes inside another.
'company' becomes 'co' (abbreviation).
'st' enclosing 'co' is 'scot'.
'a'+'scot'='ASCOT'

(Other definitions for ascot that I've seen before include "Racing to the strange coast" , "Where ladies wear new hats" , "course without any fences!" , "track" , "Type of necktie" .)

I've seen this clue in The Telegraph.
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