Unquoted Companies: Definition And Features - SS2 Accounting Lesson Note

Unquoted companies, also known as privately held companies, are businesses that are owned by a small group of shareholders and are not traded on a stock exchange. These companies do not have to comply with the same reporting and disclosure requirements as quoted companies.

Features:

• Unquoted companies are typically owned by founders, family members, or a small group of investors.

• They are not required to publish financial statements or other information to the public.

• Unquoted companies are subject to less regulation than quoted companies.

Examples:

Below are some of the well-known unquoted companies in Nigeria, but there are many others that are not publicly traded on a stock exchange:

• Globacom Limited

• Innoson Vehicle Manufacturing Company Limited

• Erisco Foods Limited

• Emzor Pharmaceuticals Industries Limited

• BUA Group