Public Limited Company - PLC
We can incorporate a PLC for you with your own choice of name. The primary difference between Public Limited Company (PLC) and a Private Limited Company (Ltd) is the Public Company's shares may be offered for sale to the public.
- Company shareholders and directors need not be from the UK
- There must be 2 directors
- A director can be of any nationality
- All companies must appoint a qualified Company Secretary
- Share Capital of £50,000 of which 25% must be paid up
- The company is required to have a Registered Office in the UK
UK Ready Made - Public Limited Companies
We have shelf PLC companies available which are already incorporated in the UK with neutral names, they have never traded and are available for immediate transfer.
PLC shelf companies we currently have for sale.
|UK - PLC Ready Made Companies
Starting Trading as a PLC - Certificate to commence trading
A PLC must not begin business or exercise any borrowing powers until it has a certificate issued under Companies Act confirming that the company has issued share capital of £50,000. We obtain this certificate from Companies House and once issued, the certificate is proof that the company is entitled to commence trading and borrow.
Public Limited Companies
A public limited company must comply with the following:
- It must state that it is a public limited company in its company name. The memorandum must contain a clause stating that it is a public limited company and the name must end with PLC
- It must have an authorised share capital of at least £50,000
Advantage of a Public Company
A PLC has access to capital markets and can offer its shares for sale to the public. It can also place advertisements offering its securities for sale to the public.
The prestige of having "PLC" at the end of your company name is substantial.
- Access to capital markets
- Offer shares for sale to the public
- Increased status because of the larger capital base
- Limited liability for shareholders
- Heightened public profile
- Incentive and rewards for employees – by the use of share options
- Increasing the company’s ability to make acquisitions – its shares can be used as currency
- Enhanced status with customers and suppliers
- Any nationality can be a director or shareholder
We have PLC's available immediately, fully inclusive of all necessary documentation. In addition we have 100+ aged shelf companies up to 20 years old, which can be converted to PLC.
Benefits of Going Public
We can offer a public limited company the opportunity to have their shares traded and obtain a market valuation quickly - for the new London market:
- No minimum capitalisation
- No minimum prior trading record required
- No prescribed level of shares to be in public hands
- No complicated takeover rules
- Straight forward admission process with no requirement to produce a prospectus on admission
The benefits of taking your company public include:
Access to Capital
- Your public company can raise capital for growth
- Listing of shares provides a broader equity base for your company
- Offering shares to the public means your company can attract more funding
- Liquidity is created for investors and provides them the option to trade their shares
- Your company can create a market for its shares by being public, the shares will thus have a market value and can be traded
- The shareholders of a public company will achieve a higher degree of liquidity for their shares than a private company
- Acquisitions by your company can be made with your publicly traded shares
- Your company can use share plans for employees
- Shares in a public company can be issued as a performance based reward
- Issuing shares to an employee can offer tax advantages as capital gains taxes are generally lower than personal income taxes
Company's Public Exposure
- Your public company may gain a significant amount of prestige and positive publicity
- A stock exchange listing can improve a company’s creditworthiness
- Public companies will often receive media and analyst attention that can be used to attract new shareholders and other possibilities
- Your company's status could be enhanced with customers and suppliers
Private Company Converting to a PLC
A private limited company can re-register as a PLC by passing a special resolution and deliver a copy of the resolution together with an application form to the Registrar