Why might the ownership need to change to respond to changing activities? And why might aims & objectives need to change also?
Josh Moore
10vY 3/11/2006
Why might the ownership need to change to respond to changing activities? And why might aims & objectives need to change also?
The ownership of Alnwick Castle Ventures is what’s known as a private limited company and also a limited liability company. Private limited company means that the shareholders can only be members of the founder’s family or close family friends. This type of ownership suits the owner of ACV who is The Duke of Northumberland he likes this type of ownership because it means that the business will stay in his family. Limited liability means that the company has borrowed money to start the business or to build a new attraction, in the case of AVC the dragon’s quest and the knight’s school but if the business was to go bankrupt the bank who loaned AVC the money cannot take the Duke’s personal possessions.