Unquoted Companies: Definition And Features - SS2 Accounting Past Questions and Answers - page 1

An unquoted company, also known as a privately held company, is a business that is owned by a small group of shareholders and is not publicly traded on a stock exchange. It is not required to comply with the same reporting and disclosure requirements as a quoted company and is subject to less regulation. In contrast, a quoted company is a business that has issued shares of stock to the public and is traded on a stock exchange.

The advantages of being an unquoted company include greater control over the business and less regulation compared to quoted companies. Disadvantages may include limited access to capital, as they cannot raise funds by selling shares to the public, and less transparency which can make it difficult to attract investors.