limited company

commercial company whose assets are separate from those of its stockholders, company whose stockholders are liable only for the sum they invested

A limited company in the United Kingdom is a corporation whose liability is limited by law. There are three main types of limited companies which are set up by the Memorandum of Association & Articles of Association:private company limited by shares (Ltd.)Similar to Pty. Ltd.private company limited by guaranteeThis type of company does not have share capital but is guaranteed by its "members", who agree to pay a fixed amount in the event of the company's liquidation. Frequently charities incorporate using this form of limited liability. Another interesting example is the Financial Services Authority.public limited company (PLC).Public limited companies can be publicly traded on a stock exchange (similar to the U.S. Corporation and the German AG).
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Noun
1. a company that is organized to give its owners limited liability
(synonym) Ltd., Ld.
(hypernym) company
(classification) United Kingdom, UK, Great Britain, GB, Britain, United Kingdom of Great Britain and Northern Ireland

A form of business commonly used in the U.K. comparable to incorporation in the U.S.