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