What is the definition of a “Limited Company” in the UK?
You may have seen references to limited companies without being clear on exactly what they are. A limited company is a business that has been registered in such a manner as to ensure that its owners have limited liability. The business is owned by its shareholders and operated by directors. A private limited company must have at least one director and a secretary. A private limited company needs to issue just £1 of shares to begin trading. The term is most often associated with firms based in the United Kingdom, in much the same way that we associated incorporated firms with the United States. A limited company may not be listed on the Stock Exchange, unlike a Public Limited Company (PLC).
