Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Private company definition

What does Private company mean? In company law practice, a private company is a company owned by private shareholders or members whose securities are not offered to the public. In England and Wales, Scotland and Northern Ireland, the term is defined by the Companies Act 2006: a private company (limited by shares or by guarantee) is not a public company and, where it has a share capital, must not offer its shares or debentures to the public (section 755). Typical features include the ability to have a single director, use written resolutions and-unless the articles require-operate without a company secretary; its shares are not admitted...

Right to Manage (RTM) companies: formation, membership, invitation to participate, service, information rights, anti-avoidance and key case law (England and Wales)

Published by a LexisNexis Property expert

Practice notes

The RTM company

Only a right to manage company can obtain and then use the right to manage. Such a company must be a private company limited by guarantee, and its objects must include the right to manage. In England, the form of the company’s articles is set by the RTM Companies (model articles) (England) Regulations 2009, SI 2009/2767; in Wales, by the RTM Companies (Model Articles) (Wales) Regulations 2011, SI 2011/2680 (together, the Articles Regulations). There is no requirement for the company’s name to contain the letters ‘RTM’ (Fairhold Mercury v HQ (Block 1) Action Management). The articles of association must also describe the premises with adequate precision...

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Web page updated on 28/05/2026

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