Public Limited Company Formation

A Public Limited Company in the United Kingdom is a company which can offer its shares to the Public. For this reason, the names of all the public limited companies end in “PLC”. 

It is not compulsory for PLC's to offer shares to the public, however companies which do so, trade through the London Stock Exchange or the Alternative Investment Market (AIM).  There are a few privately owned PLC's who maintain the PLC designation in order to gain extra financial status. 

There are a few requirements for a company to qualify for a Public Company Formation and having a minimum of two directors is the first per-requisite. Generally anyone can qualify for a company director, provided they are not disqualified for the following reasons:

• The person has crossed 70 years of age or reaches 70 years during the service period, unless they are appointed or re-appointed by the company's resolution.
•  If the court is disqualification by a court for holding a directorship
• If the person is under the age of 16 years
• People who are not British or European Union Citizens are exempted from becoming a director
• The secretary (or joint secretary) of a PLC needs to be a highly qualified person and his credentials be  recognized  by the directors.

In order to gain the status of a Public Limited Company there is a minimum share capital that a company needs to invest in. Prior to starting a word it needs to allocate shares of the value of at least
£50,000. And out of the total allocated money, a quarter of them (£12,500) must be paid up. 
Moreover, each allocated share must be paid up to at least one quarter of its nominal value together including the whole of any premium.

Please Note: This package is provided with our EC1 registered office for 1 year, whereby we forward on all your company's statutory post. This service is renewable on an annual basis.