Most limited companies are ‘limited by shares’. This means they’re owned by company shareholders, who have certain rights.
There are various company types in the UK, some limit liability, others don't, some have shareholders, some don't. Find out more about the different types.
Definition of a partnership for accounting purposes. A qualifying partnership for accounting purposes comes down to several important criteria.
Definition of a Micro-Entity for accounting purposes. Micro entiities disclose less information than Small, Medium and Large companies when filing.
Definition of a small company for accounting purposes. Small companies disclose less information than medium and large companies for accounting purposes.
Company Assets less liabilities can be used as a quick snapshot, or statement of financial position, for a Company on a specific date.
What is the Definition of an Overseas Company for legal and accounting purposes. When do oversea companies need to register in the UK?
There are two kinds of Company voluntary liquidation MVL and CVL these dependant on the solvency of the company based on the directors position.
Corporate Voluntary Arrangements (CVAs) and insolvency proceedings are formal measures taken to deal with company debt. CVAs are increasingly being used.
A corporate voluntary arrangement is when a company makes an agreement with its creditors by proposing a 'composition in satisfaction of its debt'.
Put simply a struck off company is a closed company which is no longer listed on the active register of companies held by Companies House.
Definition of a dormant company for accounting purposes. How to determine if a company can be classified as a dormant for accounting purposes.
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