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 ?
The liabilities of the members of a private limited company are limited.
Any debts will be the responsibility of the official receiver who will collect in the assets of the limited company and distribute them proportionately among creditors, he said.
A: The limited company has been enjoying many tax advantages; the small rate of Corporation Tax is only 19 per cent and it has been possible to take dividends out of the company without any National Insurance.
Securing the company's independence is the most important goal which the owners and the board of directors wish to achieve with the conversion to a public limited company.
The Dons board want to change from a public limited company so they can attract PS2million in further investment by way of a share issue.
Quint Limited Company was incorporated on 15-07-2003, wherein the accused Hassan Nawaz became its director and company secretary on the same date.
During the outgoing year, TOPLINE's status was changed from a Private Limited Company to a Public Limited Company.
He hinted that opposition senators have also assured them they will not support a government bill in the upper house converting the entity into a public limited company.
British challenger bank Aldermore on Thursday reported that it has reduced rates on its specialist limited company (single residential unit) buy-to-let products.
M2 EQUITYBITES-January 8, 2016-Range of specialist limited company buy-to-let products reduced by Aldermore
IN THE MATTER OF SCREDIBLE PUBLIC LIMITED COMPANY AND IN THE MATTER OF THE COMPANIES ACTS - 2014 NOTICE IS HEREBY GIVEN pursuant to Section 587 (6) of the Companies Act, 2014 that a Meeting of the Creditors of the abovenamed Company will be held at Doubletree - Hilton, Leeson Street Upper, Dublin 4 on 7th January 2016 at 10am for the purposes mentioned in Section 588 and 667 of the Companies Act, 2014.

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