Whats the meaning of Plc ??

[gero]

Whats the meaning of Plc after big companies like banks some oil companies like BP etc... cheersss

[sddsddean]

It means 'Public limited company'.

[haller]

I think it means public limited company. These have shares on the market and have unlimited liability (basically there's no limit to the amount of debt that they can get themselves in). Ltd is the other kind. That's a private limited company. No shares on the market and has limited liability (only lose the money put into it and nothing else). I knew GCSE business studies would come handy for something.

[gero]

Thanks guys u,ve been very helpful... very much appreciated...cheers

[WendyW]

Gero .. both PLC's and LTD are Public Limited Companies, and by implication both have Limited Liability. Limited Liability means that the liability of the SHAREHOLDERS is limited to the amount they paid for their shares (If the Company goes bust they lose the money they paid for their shares but they cannot be chased for anymore). Originally they were all LTD Companies but then the rules changed, the difference is to do with the way the shares are incorporated.

[gero]

Cheers WendyW

[JohnPPotts]

Plc and Ltd aren't the same - a Limited Company is privately held (ie. not traded on a Stock Exchange) but still has Limited liability (can only be sued up to the value of it's share capital). In theory, you can contact the Registrars and get hold of who owns a Plc, though you can't with a an Ltd. For example, Virgin used to be a Plc but it's now an Ltd company, as Richard Branson "took it private" a few years back.

[Andy008]

PLC means the company has its shares listed on a stock exchange index. The FTSE 100 is the so-called premier league of British firms, they are the 100 biggest companies as measured by market capitalisation. The P stands for public, meaning that any investor can buy or sell ownership (in the form of shares) in the company. Companies list publicly to raise finance, and can revert to private ownership by conducting a management buy-out, when the firm's senior managers offer a premium to the shareholders to surrender their ownership.