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Types of ownership Both Cadburys and Sainsbury's and plc’s (public limited companies). Company registered as a plc under t
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Types of ownership Both Cadburys and Sainsbury's and plc's (public limited companies). Company registered as a plc under the provisions of the Companies Act 1980. The company's name must carry the words 'public limited company' or initials 'plc' and must have authorized share capital over £50,000, with £12,500 paid up - paid to the company by the shareholders. Plc's may offer shares to the public and are more tightly regulated than limited companies. Converting a private limited company into a public one has advantages, such as the ability to raise share capital. However, it does have potential disadvantages, such as being subject to the scrutiny of the financial media and city analysts (the company's financial records must be available for any member of the public to scrutinize). If the founder of a plc perceives the company share price to undervalue the company they may take the company private once more, as...
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