BBC Worldwide Limited is the wholly owned commercial

Commerce

While business refers to the value-creating activities of an organization for profit, commerce means the whole system of an economy that constitutes an environment for business. The system includes legal, economic, political, social, cultural, and technological systems that are in operation in any...

 subsidiary of the British Broadcasting Corporation, formed out of a restructuring of its predecessor BBC Enterprises in 1995. In the year to 31 March 2010 it made a profit of £145m on a turnover of £1.074bn. The company had made a profit of £106m on a turnover of £1,004m in the previous financial year. In the year to 31 March 2011 BBC Worldwide's headline profits were up 10.3% to £160.2m - its highest level ever.