Limited Company Formation

Public Limited Company

For the incorporation of a PLC, we have two package types to meet your requirements. Firstly we have our PLC basic incorporation pack which will include the formation, with a hard copy of the incorporation certificate and 5 copies of the Memorandum and Articles. 

Secondly we have our PLC complete pack this includes all of the above but in addition you will receive a PLC loose leaf register, assistance with setting up your bank account and assistance with obtaining a Certificate of Trading (form 117). 

As with standard limited companies, these are created in a format suitable for general operation, but we can tailor the company's main objects if necessary to suit specific requirements.

Things to know about setting up a PLC

• A public limited company must have a minimum authorised share capital of £50,000 and before it starts business it must have allotted shares to the value of £50,000. A minimum of 25% (12,500) must be paid up to at least one quarter of its nominal value together with the whole of any premiums before the Registrar of Companies can issue a Certificate of Trading. This Certificate must be issued before the company begins business or exercises any borrowing powers.
• A PLC must have at least two members and a minimum of two company Directors. The Company Secretary must be a person who appears to the directors to have the necessary knowledge and ability to fulfil the functions or is a member of any of the following bodies:
• the Institute of Chartered Accountants in England and Wales;
• the Institute of Chartered Accountants of Scotland;
• the Institute of Chartered Accountants in Ireland;
• the Institute of Chartered Secretaries and Administrators;
• the Chartered Association of Certified Accountants;
• the Chartered Institute of Management Accountants (formerly known as the Institute of Cost and Management Accountants); or
• the Chartered Institute of Public Finance and Accountancy.
• An advantage in setting up a PLC would mean it could offer its shares for sale to the public through a recognised stock exchange. In contrast, a private company may not offer to the public any shares.

 


Registered office facility available and Company Secretary service available for existing companies.