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UK Public Limited Company

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.

PLC Fees to Incorporate

  • Company Formation – £560
  • Registered Office fee – £600
  • Due Diligence – £180
  • Company Secretary required – £1000
  • UK Tax Agent advised – £1200

PLC Requirements

  • No residency requirements for the shareholders or directors
  • There must be a minimum of 2 directors
  • A director can be of any nationality
  • At least one shareholder
  • All PLCs must appoint a qualified Company Secretary
  • Minimum issued Share Capital of £50,000 of which 25% must be paid up
  • The company is required to have a Registered Office in the UK

Obtaining PLC Status:

There are two methods:

1> We incorporate a new PLC with the minimum requirement of two directors and one shareholder, and company secretary, with a structured share capital as required.
2> Convert your existing Ltd to a PLC, this will require the latest accounts from the existing limited company to be audited.

PLC – Certificate to Commence Trading

A PLC must have a minimum issued capital of £50,000 and at least £12,500 of this must be fully paid up before the Registrar of Companies can issue a Certificate for Commencement of 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 an 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.

Advantage of a Public Company

A PLC has access to capital markets and can offer its shares for sale to the public and 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.

Company Secretarial Services

Every public limited company must have a qualified or experienced Company Secretary, and we can provide your PLC with Company Secretarial services to ensure that the statutory requirements are fulfilled and remains in good standing and compliant with UK law.

As your company secretary we can also offer the preparation and submission of the confirmation statement, where necessary, showing the details of the directors, secretary, shareholders and any share transfers that occurred during the previous year.

Administrative Duties

  • Keeping, and making available for inspection, the company’s registers on behalf of the directors, including the:
  • Register of member
  • Register of directors’ and secretary’s interests
  • Ensuring that documents are filed with the Registrar of Companies within the prescribed time limits such as the company’s annual and other returns

Maintaining Statutory Registers

As your company secretary we can maintain your statutory registers which include:

  • The register of members – unless external Registrar is used
  • The register of directors and secretaries
  • The register of directors’ interests
  • The register of charges

Registered Office

We will make our UK address available as the Registered Office of your PLC. Inland Revenue and the Registrar of Companies official documents will be served at the Registered Office.

UK Tax Agent

We will obtain a Corporation Tax Inland Revenue Tax ID for your company.

We can then deal with all your company tax correspondence with the H M Revenue & Customs.

  • The HMRC will then correspond directly with you and UK Company Secretaries Ltd regarding all of the taxation affairs of your company
  • We will deal with the initial registration forms received from H M Revenue & Customs upon incorporation
  • We will advise you and submit your company’s annual Corporation Tax return

As company secretary we can deal with the notifications to the UK registry concerning the appointments and terminations of the company directors as notified to us through written and signed resolutions.

PROtected Online Filing Scheme – PROOF

We will apply for a government authentication code for your PLC so we can file documents electronically with Companies House. It enables companies to protect themselves from unauthorised changes to their company’s record.  These include documents for an appointment, termination or change of particulars of the company directors and persons of significant control.

Service Addresses for Directors of your PLC

Directors of your company can use our address as the service address for the purposes of public records and for official documents to be served which protects the privacy of your director’s home addresses.