Non-profit distributing organisation

A non-profit distributing organisation (NPDO) is a form of business structure where, although profit is still sought, any profit is reinvested in services or business growth rather than being distributed to shareholders.[1] NPDOs are often used for delivering public services at arm's length from United Kingdom local councils, such as Sentinel Leisure Trust.[2]

References
  1. "VATSC98800 - Direction of supplies: Memorandum of understanding with CIPFA - HMRC internal manual - GOV.UK". www.gov.uk. Retrieved 17 June 2022.
  2. "Grangemouth residents cry foul over football pitch plans". www.falkirkherald.co.uk. Retrieved 17 June 2022.

See also


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.