Close Company

Close Company
A company resident in the UK that is under the control of five or fewer participators or any number of participators who are also directors.
Close Investment Holding Company
A Close Investment Holding Company is a type of close company that is primarily engaged in holding investments rather than trading or property letting, which subjects it to full-rate corporation tax without the benefit of lower rates and reliefs.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.