Class 3 (UK) Limited

In the United Kingdom, a Class 3 (UK) Limited company generally refers to a type of limited company that is often associated with smaller enterprises and holds some specific characteristics. However, the term "Class 3 (UK) Limited" is not an official designation in UK company law. UK limited companies primarily fall into several categories such as private companies limited by shares (Ltd), private companies limited by guarantee, and public limited companies (PLC).

If the term "Class 3" is being used in a specific context, it's possible that it might be an informal label or belongs to a specific industry or regulatory category that uses "Class 3" for internal classification.

For a general understanding of UK limited companies, here are the primary types:

Private Company Limited by Shares (Ltd)

• Ownership: Owned by shareholders.
• Liability: Shareholders’ liability is limited to the amount unpaid on the shares they hold.
• Popular Among: Small to medium-sized businesses.
• Shares: Cannot be publicly traded.

Private Company Limited by Guarantee

• Ownership: Does not have shareholders but instead has guarantors.
• Liability: Guarantors' liability is limited to the amount they agree to contribute to the company's assets if it is wound up.
• Popular Among: Non-profit organizations, charities, clubs, and associations.
• Shares: Does not issue shares.

Public Limited Company (PLC)

• Ownership: Owned by shareholders.
• Liability: Shareholders' liability is limited to the amount unpaid on the shares they hold.
• Popular Among: Large businesses that require substantial capital.
• Shares: Can be traded publicly on a stock exchange.

Additional Concepts

• Companies House: All UK limited companies must be registered with Companies House, which is the UK's registrar of companies.
• Directors and Officers: Generally required to have at least one director. Public companies must have at least two directors.

Specific Attributes That Might Apply to a "Class 3" Type:

• Business Sector: It might refer to a classification in a particular business sector.
• Regulatory Category: Could be subject to specific regulations or benefits within certain regulatory frameworks.

To better understand what "Class 3 (UK) Limited" might specifically refer to in your context, additional context would be helpful. It could involve industry-specific jargon, regulatory frameworks, or even a local business classification not widely recognized across the UK. Always consult with a professional advisor or refer to Companies House for official classifications and definitions.