Process to increase the financial health of company
Financial affairs of a limited company enter public domain. With exception of small companies, there is also a requirement for annual financial reports to be subject to an audit. This includes an independent firm of accountants examining the annual reports and underlying records to see whether reports provide a true and fair view of the financial health of company and whether they comply with relevant accounting rules established by law and by accounting rule makers. All of the large household-name UK businesses (Marks and Spencer, Shell, Tesco, BSkyB, BT, BA, easyJet and so on) are limited companies.