Anglia Components Ltd has become Anglia Components PLC – a closed PLC whose shares are not traded on the stock exchange.
The change to PLC status, according to the company, subject it to more stringent and complex auditing and financial requirements, which it said will increase the confidence of global key customers and global suppliers.
“I am delighted to announce this change during our 50th anniversary year,” said Anglia CEO Steve Rawlins (pictured). “The change in status reflects the current scale of the business and the level of companies it now trades with. The more rigorous scrutiny to which a PLC is subjected reflects positively to potential customers and suppliers.”
The move only affects Anglia’s legal name – its registration number and bank accounts remain the same and the business will continue to trade as ‘Anglia’.
Anglia is a UK authorised distributor of semiconductors, optoelectronics, interconnect, passive and electromechanical components. It stocks over 2 billion components from over 1.3 million product lines in the UK.
A signatory to the ADS SC21 programme, the company holds AS9120, ISO9001 and ISO14001 accreditation.
