Meaning of limited company in English:

limited company



(also limited liability company)
  • A private company whose owners are legally responsible for its debts only to the extent of the amount of capital they invested.

    ‘Public limited companies and large private companies will also require an audit committee, comprising two members of the board, neither of whom can be a chairman or a recent employee of the company.’
    • ‘The respondents are a private limited company engaged in the development and operation of petrol service stations.’
    • ‘Unless the business is formed as a corporation or a limited liability company, it will be a sole-proprietorship by default.’
    • ‘The Corps is partnering with private companies, usually limited liability companies, to build more and better housing for the same money.’
    • ‘From 1983 the business was carried on by a limited company called Mushroom Books Ltd.’
    • ‘It would be usual for such a firm to be a private limited company.’
    • ‘The applicant is a limited company carrying on the business of motor insurance broker.’
    • ‘Under the 1954 Solicitors Act, a limited company (or its directors or employees) may not imply that it is qualified to act as a solicitor.’
    • ‘Most of the companies in this top 50 list savour the privacy afforded by being a private limited company.’
    • ‘Sutherland recently had to overcome objections before returning the club to a private limited company to finance the ground reconstruction.’
    • ‘In Britain, by 1890 professional auditors had replaced shareholders and directors of limited liability companies as financial auditors.’
    • ‘The campaign aims to make Harrogate's owner-managed businesses, which include private limited companies, partnerships and self-employed enterprises, more successful and enjoyable to run.’
    • ‘The most recent accounts for the top 50 limited companies show that their shareholders' funds were worth €2.98 billion.’
    • ‘This bill restructures the New Zealand Symphony Orchestra from a limited liability company, financially responsible for itself, to a non-company Crown entity.’
    • ‘The table below demonstrates this, assuming a limited company with one owner/director, taking a minimum salary and distributing the remaining profits fully as a dividend.’
    • ‘They claim an indemnity in respect of their liability to the limited company.’
    • ‘Even small firms were owned through private limited liability companies rather than directly.’
    • ‘That is the date of the third birthday of their private limited company whose mission in life is to lure new investment and jobs into the city.’
    • ‘Most members realised the sense of the proposal to convert their private club into a limited company.’
    • ‘As directors of the limited company they cannot be held responsible for the company's debts.’