private company

private company
Under the Companies Act 1985, companies are incorporated as either private ("limited") or public ("Plc"). They are distinguished by different standards of regulation in the Companies Act 1985 and other legislation. Public companies require a minimum capital investment of ₤50,000 and are designed for use as more substantial companies with wide share ownership. They may be listed. Private companies are the category which represents the remainder of companies.

Easyform Glossary of Law Terms. — UK law terms.


private company
a company that is not a public company and that, as such, cannot offer its shares to the public.

Collins dictionary of law. . 2001.


private company
1) A company that is not a public company and which is not allowed to offer its shares to the general public. It can be limited by shares (members' liability is limited to the amount unpaid on shares they hold) or limited by guarantee (members' liability is limited to the amount they have agreed to contribute to the company's assets if it is wound up).
If the company is a private unlimited company, there is no limit to the members' liability.
For further information, see the Companies House website:
2) A company that is not a public company and which is not allowed to offer its shares to the general public. Usually limited by shares (members' liability is limited to the amount unpaid on shares they hold). Examples: the German GmbH, French SARL and UK limited company.
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Игры ⚽ Поможем решить контрольную работу

Look at other dictionaries:

  • private company — noun count a company owned by a person or group of people who do not sell SHARES (=the right to share profits) to the public …   Usage of the words and phrases in modern English

  • private company — ► NOUN Brit. ▪ a company whose shares may not be offered to the public for sale …   English terms dictionary

  • private company — noun : a company under British law restricting the right of its stockholders to transfer their shares, limiting its members to 50 exclusive of shareholders who are present or former employees, and not inviting the public to subscribe for any… …   Useful english dictionary

  • private company — A company which is not a public company and which is not allowed to offer its shares to the general public. London Stock Exchange Glossary * * * private company private company ➔ company * * *    A company not listed on a stock exchange and which …   Financial and business terms

  • private company — UK / US noun [countable] Word forms private company : singular private company plural private companies business a company owned by a person or group of people who do not sell shares (= the right to share profits) to the public …   English dictionary

  • private company — company with a small number of stock holders that does not receive any public funding and is exempt from handing in a balance sheet to the registry of companies …   English contemporary dictionary

  • Private company limited by shares — Companies law Company  …   Wikipedia

  • Private company limited by guarantee — Companies law Company  …   Wikipedia

  • Private company — Public limited company PLC (ou Ple, plc), abréviation de Public limited company, placé à la fin du nom d une entreprise irlandaise ou du Royaume Uni, indique une entreprise dont les parts ont été vendues par un appel public à l’épargne.… …   Wikipédia en Français

  • Private Company — A company whose ownership is private. As a result, it does not need to meet the strict Securities and Exchange Commission filing requirements of public companies. Private companies may issue stock and have shareholders. However, their shares do… …   Investment dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”