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United Kingdom
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Key definition
Unlimited company definition

What does Unlimited company mean? In practice, an unlimited company is a registered company whose members (for example, shareholders) have unlimited liability for the company’s debts, so they may have to contribute without limit—usually on a winding up—if the company cannot meet its obligations. The concept is statutory: under the Companies Act 2006 (UK) a company that is neither limited by shares nor by guarantee is an unlimited company; in Ireland, the Companies Act 2014 provides comparable types, including the private unlimited company (ULC) and public unlimited company forms. Key features include separate legal personality in all UK and Irish jurisdictions: creditors generally claim...

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Unlimited companies under the Companies Act 2006: features, privacy and capital maintenance benefits, incorporation and ongoing compliance

Practice notes
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This Practice Note outlines the key characteristics of an unlimited company and explains why an unlimited company might be chosen as the vehicle for carrying on a business rather than a limited company...

What is an unlimited company?

An unlimited company is a private company whose members are not restricted in their liability to contribute towards the company’s obligations on a winding up. An unlimited company cannot be a public company. It may exist with or without share capital. Where shares are issued, they provide working capital and indicate each member’s rights, but they do not cap members’ liability...

Why incorporate as an unlimited company?

Members of unlimited companies do not enjoy one of the commonly cited advantages of incorporation over being self-employed or operating as a partnership: limited liability. Consequently, if the company is wound up, members themselves must meet any debts, obligations and liabilities that remain once the company’s assets have been exhausted. For this reason, unlimited...

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Web page updated on 22/05/2026

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Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...

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I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...

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