| Abbreviation of limited. Ltd after a company name indicates that the company is privately owned with limited liability status. This means that the directors of the company are not liable for the companys debts if it goes bust. Nearly all newly formed companies in the UK are incorporated as Ltd companies. If the number of shareholders in the company grows to 50 or more, the company changes to a plc (public limited company), though this does not mean that their shares are publicly tradeable. Only companies that formally list their shares on the Stock Exchange are fully tradeable.
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