limited company

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Limited company

A form of business commonly used in the U.K. comparable to incorporation in the U.S.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

limited company (Ltd)

Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
References in periodicals archive ?
Similarly in the case of non-workers, relatively high growth in salaries was recorded in Co-operative Societies during the 1981-91period, Government Department Enterprises during 1991-01 and Private Limited Companies during the 2001-06 periods.
During 1981-91, wage disparities had declined in Individual Proprietorship units, Partnership firms, Private Limited Companies and Public Limited Companies.
Likewise, the share of wages in labour productivity declined by 2.6 percent per annum in Private Limited Companies, 2.2 percent per annum in Public Limited Companies, 1.4 percent per annum in Partnership firms, 0.4 percent per annum in KVHO establishments and 0.04 percent per annum in Public Corporations.
During 1991-01 annual growth in the share of wages in labour productivity was 2.3 percent in Individual Proprietorship units, 1.8 percent in Private Limited Companies, 0.6 percent in Joint Family HUF units and 0.02 percent in Partnership firms.
The significant changes that private limited companies should be aware of include:
Simon Hook, who works as an assistant manager at Clive Owen and Co, has been following developments closely and believes that the Act will benefit small and medium sized private limited companies.
And these political parties, be it Samajwadi party, Congress or others, they have functioned more like private limited companies where children inherit the wealth of families or parents...