limited company


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Related to limited company: Public limited company, Private limited company, Unlimited company

Limited company

A form of business commonly used in the U.K. comparable to incorporation in the U.S.

Limited Company

In the United Kingdom, a company with limited liability amongst its owners; that is, shareholders who are not liable for more than their investment in case of insolvency. In other words, an owner of a limited company would lose the value of his/her investment if the company declares bankruptcy, but would not be held liable for other outstanding debts. A limited company is the most common corporation structure in the United Kingdom and is designated by "Ltd" after its name.

There are two types of limited companies. A limited company by guarantee has no shareholders but instead contains members who contribute a small amount to cover outstanding debts following a potential liquidation. This structure is common among British charities, and is used by the Financial Services Authority. A public limited company usually (but not always) trades publicly, and shareholders are only liable for the value of their individual investments. These companies are designated by "p.l.c." See also: Limited liability company, U.S. Corporation.

limited company (Ltd.)

A firm registered in such a manner as to give its owners limited liability. Limited companies are most often associated with British registration, much as incorporated firms are primarily associated with U.S. registration.

limited company (Ltd)

see JOINT STOCK COMPANY.
References in periodicals archive ?
He said: "The Government have acknowledged that the average UK company is now a small or medium sized private limited company with five shareholders or less and has therefore aimed the majority of changes at these companies.
A private limited company is owned by the shareholders of the company and the directors and company secretary run the company on the shareholders' behalf.
The Taiwan Tsing Beer Co Limited Company Watch report contains a detailed analysis of the company's activities in the Taiwan beer market, looking at their portfolio and identifying volumes by price segment, beer type, alcoholic strength, local segment and modus operandi (imported, licensed or domestic).
Yangtze Optical Fibre and Cable Joint Stock Limited Company is one of the leading optical fibre preform, optical fibre and optical fibre cable suppliers in the world.
The limited company was never registered with either the Irish Football Association or the County Antrim FA.
However, business owners have rejected the idea of carrying on by means of a limited company because it may have been more tax efficient in the past for them to trade as a sole trader or as a partnership.
A "Yes" vote in favour of conversion into a private limited company will mean the issue of pounds 15m worth of nominal value shares to members and eligible former members who produced milk in 1999-2000.
A limited company is, rightly, a very popular form of business entity, and there are currently almost 1.
Sole traders and partnerships that were considering changing to a limited company, but failed to do so before April 1, have not lost all taxation and national insurance benefits that were available in the last financial year.
Shamim Mohamed, President of the North West Society of Chartered Accountants, said the financial benefit of being a limited company was no longer clear cut for those making profits of up to pounds 50, 000 a year ``For example, a sole trader with profits of pounds 25, 000 could still save approximately pounds 2, 500 in tax each year, but the savings need to be balanced with the additional costs of incorporation, '' she said.
THE Western Meeting Club, which owns and runs Ayr racecourse, is on track to become a limited company, leading to its sale next spring, after the resolution of a dispute between the club committee and Tony Collins, one of its members.
This, together with the saving in National Insurance from extracting those profits by way of a dividend, means that a small business currently paying pounds 3,000 on an annual profit of pounds 15,000, could pay less than pounds 100 tax when the business is run through a limited company.

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