Non-profit distributing organisation explained

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]

See also

Notes and References

  1. Web site: VATSC98800 - Direction of supplies: Memorandum of understanding with CIPFA - HMRC internal manual - GOV.UK . 2022-06-17 . www.gov.uk . en.
  2. Web site: Grangemouth residents cry foul over football pitch plans . 2022-06-17 . www.falkirkherald.co.uk . en.