So this has been bugging me for a while now...
The space marine companies within a chapter are numbered 1 through 10 and, in the beginning of a marines career, they go from 10th, to 9th, to 8th, etc. and first company is the veteran company. But 2nd, 3rd, 4th and 5th companies are all battle companies so does one progress through them as well? Does 2nd company have more experience than the rest? And is 5th the 'noob' company? Or are they all equals, carefully managed and independent armies, with promotions going to the 1st company with recruits drawing directly from 6th?
Several sources in the fluff seem to give the feel that the former is true with captains being promoted through the companies and lower numbered companies accomplishing more epic deeds. It can get a bit confusing.