Originally Posted by carternd

It's implied by him being referred to as a Director, as opposed to owner. To me it suggests a limited-liability company, which is a legal entity in its own right.

"A limited company in the United Kingdom or Republic of Ireland is a corporation with shareholders whose liability is limited by shares (Ltd), which is the most common form of privately held company. Setting up as a limited company is an attractive option for many people as, unlike sole traders, personal assets are completely distinct from company finances.[1]"

http://en.wikipedia.org/wiki/Limited_company