answersLogoWhite

0


Best Answer

A Public Limited Company or PLC for short is a business that has grown large enough to float (sell) its shares on the Stock Market. It does this to raise finance (money) to grow the business. Perhaps they want to start a new factory or produce a new product. They will need money to do this and selling shares is one way to do that.

Many businesses are plc that you will know and they have all kinds of different purposes:

TESCO PLC (PURPOSE - to sell food and other goods)

BT PLC (PURPOSE - to provide phones and other telecommunications products)

EASYJET PLC (PURPOSE to provide flights for customers)

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the purpose of a public limited company?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Is the business Tesco a public limited company or a private limited company?

Public limited company


Is the limited company called as public limited company?

Limited company can be public or private. There is no necessary a limited company should be a public company. Public companies are those company which are registered with company act 2013 under section 2(71). However a public company must be have a limited liability.


Hsbc is private limited or public limited company?

HSBC is Public Limited Company


Is eBay a private limited company or a public limited company?

public


Is Microsoft a public limited company or a private limited company?

It's a public limited company.


Who owns a public limited company?

A public limited company is owned by its shareholders


Can we called limited company as public limited company?

IN GENERAL .LTD IS CALLED AS PUBLIC LIMITED COMPANY ON THE BASIS OF ITS OWNERSHIP. MOSTLY ALL THE COMPANIES HAVING LIMITED LIABILITY TO ITS SHAREHOLDERS... INDEED,UNLIMITED COMPANIES ARE FORMED FOR SOME SOCIAL PURPOSE AND EVEN THEY CAN BE ALSO CALLED AS PUBLIC LIMITED COMPANY UNLESS THEY POSSESS THE RIGHT TO ISSUE SHARES... MORE DETAILS MAIL ME @ saideep.professional@live.com


Is argos a public limited company?

Yes, Argos is a public limited company, It is a large company and it also sells shares to the public


When Ltd follows a company's name what type of company is it?

A limited company is a company with limited liability. As per the company law, a company is legal entity and can have assets and liabilities. In India, we have two types of Limited companies i.e. a public limited company and a private limited company. A public limited company has its shareholders as public and a private limited is owned and governed by an individual or a group of individuals.


Definition of a public limited company?

a public limited company can be defined as a company that is listed in the stock exchange, its shares are freely transferable, have a perpetual existence, have a limited liability and can sell shares to the general public.A public limited company is found in Ireland, and theUnited Kingdom.The public limited company is subordinate to a largercompany.The minimum shares a public limited company(PLC)holds is 25%.


Is oxfam private limited company?

its a public limited company.


How would you define a public limited company?

PUBLIC LIMITED COMPANY AS DEFINED BY WIKIPEDIA, THE FREE ENCYCLOPEDIA: The initials PLC after a UK or Irish company name indicate that it is a public limited company, a type of limited company whose shares may be offered for sale to the public.