Private Company

A private company is a company that is not a public company (Companies Act 2006).

Under the Companies Act 2006, companies are incorporated as either private ("limited") or public ("Plc"). They are distinguished by different standards of regulation in the Companies Act 2006 and other legislation. Public companies require a minimum capital investment of ££50,000 (or €65,600) and are designed for use as more substantial companies with wide share ownership. They may be listed. Private companies are the category which represents the remainder of companies.