Question on: SS2 Accounting - Unquoted Companies: Definition And Features

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.