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  1. Hello Mike, many thanks for the lectures.
    You mentioned John Lewis Partnership in your lecture as a private company (the same is said in Wikipedia). The official company’s name ends with Plc and the Companies House website says that JLP Plc is a public company. I’ve got confused, and would be grateful if you please could clarify.
    Thank you,
    Olga

    • Hi Olga

      Yes, that’s got me confused too! I believe that an over-enthusiastic writer has added “plc” (because that’s what other big organisations do) without realising the legal significance of their actions

      Elsewhere on the net you’ll see repeatedly that the organisation is owned by its 91,200 employees and that they share the profits

      When I was last in the UK there was a programme on the radio about the JLP and there it was repeated that they don’t even refer to their workforce as employees. They are all referred to as “partners”

      I’m still confident that it’s a private company and the “plc” on the website is a mistake

  2. Thanks for the lectures.

    I have a question regarding “100 members holding, not less than GBP 100 share capital on average”
    WHat if the public company has only 100 members? I know this is a silly question, but I thought of just asking it. 馃檪

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