Classification

Classification

Public Companies
1. minimum share capital £50,000
  1. s117
2. Can offer securities in public
3. 2+ directors
Private Companies
1. Simpler capital rules
2. shares with less complication
3. Companies Act 2006 (Amendment) (Accounts and Reports) Regulations 2008
  1. Small company
    1. turnover < £6.5m
    2. balance sheet £3.26m
    3. Small group
      1. turnover < £7.8m gross
      2. balance sheet < £3.9m gross
    4. < 50 employees
  2. Medium Company
    1. Turnover < £25.9m
    2. Balance sheet < £12.9m
    3. Medium Group
      1. Turnover < £31.1m gross
      2. Balance sheet < £15.5m gross
4. Small companies are audit expemt
5. Unlimited
  1. no accounts at all
    1. s448
other
1. Unregistered
  1. s1043
  2. pre company legislation
  3. Banks/Insurance
2. Dormant
  1. s1169
  2. no transactions
3. Overseas
4. Subsidiary
  1. conrtolled by another
5. Single member
  1. Neptune (vehicle Washing)
    1. still needs to have meetings
6. Quoted
  1. equity share capital on a market
Re-registration
1. Public to Private
  1. s97
2. Private to Public
  1. 90
3. limited to unlimited
  1. s102
4. unlimited to limited
  1. s105

Resource summary

	Created by 40055097 over 10 years ago