Jaguar’s Ownerships History
In Blackpool in 1992 was a vehicle company called Swallow Sidecars, it was a Limited Company in the private sector owned by an individual.
The advantages of a Private Limited Company are:
• The business can still remain small. May private companies are family firms where shareholder under European law, on person can set up a private company on their own.
• All the shareholders have the protection of Limited liability and can loose only the amount the have invested no matter how much money is owed.
• Banks are more willing to lend money to limited companies both for start up capital and for expansion.
• Setting up a private company is quiet easy and there is no fixed amount which has to be invested. In some cases, owners may invest only £100 or £200 each at the outset.
• Shares cannot be transferred to other people unless al the shareholder agree, and cannot be bought by members of the public. This gives the owners direct control of the business
Also the disadvantages of a Private Limited Company are:
• Limited companies have to comply with more regulations than sole traders or partnerships. They have to register with the registrar of companies must have their account audited by an accountant.
• The owner must decide on the structure of the company and other details before formative can be agreed and the documents completed. There are also costs involved, usually about £200.
• The company must comply with all the requirements of various companies’ acts. For instance; they must have an annual general meeting once a year. Because one share equals one vote, a shareholder with more shares than all the shares.
In 1928 the company Swallow Sidecars had move t ...