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BrewDog: yet another hip company using 'rebel' language to sell its stuff

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Apologies for quality - I read it in the bath
 

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no - you can't be on an exchange without being a plc

If I remember: Ltd- shares can't be offered to the public / Plc = they can
Think you also need a touch more share capital for a plc
The article mentions how they are sold - an annual swap day . Thats a new one to me

here you go Difference between PLC and LTD - Public vs private

one of the main differences between private limited companies and public limited companies include:

  • public companies can offer their shares for sale to the general public
  • two directors are required for public companies whereas only one is needed for a private company
  • public companies cannot accept an undertaking to do work or perform services as consideration for allotment of shares
  • public companies cannot purchase their own shares out of capital
  • public companies must appoint a Company Secretary who is suitably qualified
  • public companies have six months in which to file their annual accounts as opposed to private companies which have nine months
  • public companies are required to hold an annual general meeting whereas this is generally not a requirement for private companies
 
I’ve emailed @Spymaster’s Masonic hedge fund manager for more info on buying/selling on the market.

Still waiting to hear more about my drive by idea
 
no - you can't be on an exchange without being a plc

If I remember: Ltd- shares can't be offered to the public / Plc = they can
Think you also need a touch more share capital for a plc
The article mentions how they are sold - an annual swap day . Thats a new one to me

here you go Difference between PLC and LTD - Public vs private

one of the main differences between private limited companies and public limited companies include:

  • public companies can offer their shares for sale to the general public
  • two directors are required for public companies whereas only one is needed for a private company
  • public companies cannot accept an undertaking to do work or perform services as consideration for allotment of shares
  • public companies cannot purchase their own shares out of capital
  • public companies must appoint a Company Secretary who is suitably qualified
  • public companies have six months in which to file their annual accounts as opposed to private companies which have nine months
  • public companies are required to hold an annual general meeting whereas this is generally not a requirement for private companies

Yeah ltd just means private limited - when they talk about private equity it means buying and selling unlisted private ltd companies which is risky. Plc is public limited company so its been floated and listed and shares can be traded. I don't really get how you go public without being listed on one of the exchanges, but there must be a way cos they have
 
we're straying off topic but:

How do you change a private company to a public company?
A private company can be re-registered as a public company, in line with Part 7 of the Companies Act 2006, by:
  • passing a special resolution (at least 75% of shareholder votes in favour)
  • delivering Form RR01 to Companies House
For further information see GOV.UK. This procedure can also be reversed.
What are the pros and cons of going public?
The key benefit of becoming a PLC is to be able to raise capital through selling shares to the general public. Also, going public often generates publicity, introducing a company and their products to new consumers. However, there are more rules and requirements with which public companies must comply. So, this is generally only a suitable option for fairly mature companies, with a suitably advanced infrastructure, looking to expand.


PLC / public doesn't mean its been floated - but it needs 50,000 of issued share capital (it doesn't have to have been paid up though)
 
I'm no fan of their beers, or their schtick for that matter. However until now I hadn't appreciated what unforgivable, disgusting, abhorrent, repugnant cunts they are.

Thru? THRU? FFS! It's surely 'through'? Have they run out of fucking space? No more than 4 letters? Twats.
 
Cheers for posting nick. Sounds well dodgy considering they posted a loss last year.
Well it's not dodgy (depending on one's definition of dodgy - mine is 'illegal') but it's certainly a bit shit and very disappointing, if accurate.

Perhaps this is something that you and I can finally agree on.
 
I mean it is potentially illegal tbf, one of them where HMRC would have to try and demonstrate actions were deliberately taken to remunerate whatshisface without incurring the tax liability and it would come down to the court case and the judge on the day. Not that I'm accusing whatshisface of illegality, just commenting that you can't really say it is legal or illegal
 
no one is accused of not paying tax
But it could be construed as remuneration without the Shareholders being fully aware (even though disclosed, as required, in the accounts), unless they were very sharp eyes
 
no one is accused of not paying tax
But it could be construed as remuneration without the Shareholders being fully aware (even though disclosed, as required, in the accounts), unless they were very sharp eyes

Well yeah that but also tax. Dividend can't be offset against corporation tax, payment for services can be.
 
Well yeah that but also tax. Dividend can't be offset against corporation tax, payment for services can be.
One has to assume that, wherever the money ends up it is properly accounted for to the tax authorities - allowable cost in one co is a revenue in another etc

However a couple of interesting loans through some of our more exotic dependencies can do wonders - or perhaps a licensing agreement for IP from the luxembourg offshoot
 
we can't hold that against them surely?
If they're promoting people driving to their bar in their polluting cars and then making them park on a zebra crossing (and potentially endanger people using the crossing) to pick their overpriced hipster beer, then it's yet another reason why they're a bunch of cunts.
 
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