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Words: | Submitted: Fri Mar 31 2006
... so he made a lot of money allowing him to expand his company. By 1831 he had switched from being a grocer to becoming a manufacturer of drinking chocolate and cocoa, starting Cadburys as it is known today. On 1st January 1896 Cadburys became a registered private limited company with a capital of £1 million. This meant that Cadbury was now the company was run by a Board of Directors (who was elected by the shareholders) which is headed by a Chairman. The shareholders are those who have bought shares in the company and must be people working for the company and it can be decided on who can buy the shares or not. To become a limited company Cadbury had to produce legal documents called Memorandum of association and the Articles of Association which are sent to the Registrar of Companies who then issued Cadbury with a Certificate of ...
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