Financial Terms Glossary

Private Limited Company

Formal

A limited liability company whose shares are privately owned and distributed. Shares in private companies are subject to special conditions for transfer/sale.

Informal

Just any old company - usually owned by a smaller group of investors - whose shares cannot be traded on the open markets. Typically the old style family type companies where someone always shouts: 'Trouble at mill', and 'Father, where's my inheritance?'

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