A Public Limited Company (PLC) is considered best for medium to large companies, hoping to offer their shares on the stock exchange. This is a great way to acquire share capital for the company, through new and existing investors. For a UK PLC to trade, it must have at least £50,000 of share capital, of which a quarter (£12,500) must have been paid up.
Your company will be formed in 3 to 6 hours (subject to Companies House workload), after you have provided us with your details on our simple online application. No complicated forms or documents need to be manifested. Inputting your details is a one-off process which takes less than five minutes to complete.
Free access to our easy to use Management Portal enabling you to:
Once your company is incorporated, you will receive an email from us containing the following:
Upon your company's successful incorporation, we will post you copies of the following documents:
While both companies have shares, an LTD’s shares can only be given to select people, whereas a PLC has the option of letting the public buy its shares. Though it doesn’t have to, many PLC's put their shares on the London Stock Exchange.
To start a PLC, you will need:
A PLC can be incorporated without the quarter share capital paid up. However, if you want to start trading you must pay otherwise you may receive a fine and your company could be struck off.
Every PLC is required to apply for a trading certificate before starting its business activities. This is called a SH50 application form, which must be delivered to Companies House. To qualify for a trading certificate, you must have at least £50,000 of share capital, of which a quarter (£12,500) must have been paid up. If you would like a trading certificate, please contact us on 0121 236 8560.