A PLC is a public limited company, and this refers to a company that is publicly quoted on the stock market. Learn about the publishing of annual audited figures by a PLC with help from a management teacher in this free video on business management and public limited companies.
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Hi, my name is Mark. And we're going to look at what is a PLC? PLC stands for Public Limited Company. That means a company that is publicly quoted on the stock market. It's a company that figures books and information is publicly available. You can go to libraries, you can go on-line. You can go through research institutions, anywhere. This company information should be available. It is publicly available. So the company, the Public Limited Company questioned will publish it's audited figures annually, even bi-monthly. And possibly quarterly. And it will have very transparent form of communication. Because also, the organization has to justify it's operation to it's shareholders. And therefore everyone, who is a shareholder of the organization. Will receive by post, email, whatever, company data. And that's what a Public Limited Company is. Public Limited Company is different to a Private Limited Company, for example. In the sense that all of it's data and information. As I'd mentioned previously, publicly accessible. A Private Limited Company is run, as the name suggests, on a need to know basis. In other words, it doesn't have to file information. Other than all of it's tax returns to the Authorities. So you can find that information via request. Or maybe the website or company data that they are prepared to release. So there's a difference in a private and a public in that regard. The public obviously, the face of the company is much more open. And positive note is, it would invite more investment. On the negative side, if it does anything incorrect or possibly questionable. Then it will be known publicly. And therefore the company would have to to be able to defend it's position very, very efficiently and quickly. So you can see the difference between the two.