A public limited company must have at least two directors and a company secretary who is on record with Companies House.
A public limited company also must have issued share capital of at least £50,000 (or the prescribed Euro equivalent as set from time to time by the Secretary of State). The liability of each member is limited to the value of shares a member holds. Registering your company as a PLC entails many benefits as well as more stringent capitalisation and governance requirements. For more information please visit the plc section in our FAQs.
To incorporate your PLC, we will:
- check if the name you have chosen for your company is available and in line with company name rules
- prepare company registration forms, Articles of Association, Statement of Capital and Initial Shareholdings and statutory registers, using our own customised Model Articles
- file the documents and pay the required fees at Companies House
- provide legal advice on the issues related to your company formation, obligations and duties
- forward the Certificate of Incorporation, statutory registers and the Memorandum and Articles of Association to your registered office address
- applying for the trading certificate (on receipt of satisfactory evidence that the required share capital has been paid in).
Our PLC incorporation is priced from £199 to £299 plus VAT for incorporations with up to two directors, and is inclusive of agents fees, the registration fee payable to Companies House and AML checks. For any added directors or corporate shareholders, an additional fee of £55 plus VAT each would be payable. Any work required to prepare bespoke articles or review articles prepared by someone else would be quoted for separately.
If you already own a private company limited by shares, we can assist you in re-registering your firm and changing its status into a public limited company. Please go to Ltd to PLC company status change page for more information.
To comply with anti-money laundering regulations, we will be asking for ID documents and proof of address in respect of each proposed director and any shareholder with more than 25% shareholding. These must be certified by a solicitor or notary.
Once the company starts trading, it will need to apply for a trading certificate, but first it will need to fulfil certain conditions regarding minimum payments of the capital.
Our service to advise and arrange the trading certificate will be £99 plus VAT.
If you would like to discuss this service with us in more detail please contact us.