Investigating business – Type of Ownership
Cameron Balloons is a private limited company (LTD). A LTD is a private limited company that is usually a small to medium sized business that sells shares privately to family or friends. The original owner, Don Cameron, keeps control but managers are appointed to run the day to day business. The business used to be a sole trader, but soon changed to a LTD in 1971 when Don Cameron wanted to expand. This type of business has limited liability and will only lose however much money they have out into it. For example, if a person invested i??
10,000 into the business which had failed, they would only lose i?? 10,000. If the business was to fail, I think the shareholders would have to do a thing called liquidation. This means that they would have to sell off their assets one by one until they had liquidated enough assets to pay off their debts. Toyota. My second business is called Toyota and is a LTD. I chose this as my second business because I have a relative who works there. An LTD is usually a small to medium sized business that sells shares privately to family or friends.
The owner keeps control
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Bristol airport is nearby and there is also a railway station 5km away. These are important for Cameron Balloons because it enables easy access for the customers, suppliers and workers. I think they are also located in Bristol because in the first location, there wasn’t any competition, so they moved to Bristol to be closer to the competition, even though they were less than half their size. Cameron Balloons also moved there because Bristol has a skilled workforce that is needed to design and manufacture balloons.
I think that the two businesses chose the location of their business for many different reasons. Cameron Balloons chose Bediminster as its location because of the skilled work force that was already located there. As Cameron Balloons makes balloons, they needed workforces that was already located there and who were already trained in manufacturing balloons. I also think Don Cameron located in Bristol because the road, rail, seaport n airport links are nearby.