private company

noun British.
a company whose shareholders may not exceed 50 in number and whose shares may not be offered for public subscription.
Compare public company.

1905–10 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source Link To private company
World English Dictionary
private company
Compare public company a limited company that does not issue shares for public subscription and whose owners do not enjoy an unrestricted right to transfer their shareholdings

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Example sentences
They want to work for private company's where the competency and skill level is
  much higher.
University officials blamed a private company that facilitated the enrollment
  of the students for the situation.
However, since a private company, the company must be profitable to provide
  this educational benefit.
My student loans are serviced via a private company, and these private
  companies employ people.
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