Originally Posted by
9 minutes to landing
Most companies in the UK are “limited companies”, either Public (PLC - eg Tesco, Barclays) or Private (Ltd - eg Virgin, John Lewis). If the Private Ltd company is large - they now both have similar reporting obligations, also to Companies House. That’s why Virgin produce an (audited) Annual Report. It’s difficult to be discreet.
Yet somehow they've managed it. Why would you run a company for 40 years that's barely made any profit? You wouldn't would you . . . That's because they do make money, lots of it, but it's conveniently 'spent' on areas of the business that are justified as legitimate costs to the tax man, yet somehow end up in individual's pockets.