Public Limited Company (PLC Formation)

A Public Limited Company (PLC) is a type of Limited Company in the United Kingdom which is permitted to offer its shares to the public. A PLC Company is the only type of UK Company which can raise money by selling shares to the general public, shares may or may not be traded on the stock exchange in the UK.

 

Our comprehensive packages for a PLC formation are shown below. If any of the packages do not suit your requirements, please contact us and we can tailor make a package to suit your specific requirements.

 

We can provide a UK Registered Office Address for your company, if required. The Registered Office Services can be ordered during the incorporation process or as an additional service.

 

Fast Online Formation It’s quick and easy to complete our online application, it takes approximately 3-4 minutes. Your company should be ready to trade in 3 hours, our quickest time is 6 minutes (subject to Companies House).
Government Fees Companies House Registration Fees are included in all of our packages and prices. There are no hidden extras.
Emailed Certificate of Incorporation A PDF version of your Certificate of Incorporation. This is an official document which confirms your company name and company number.
Ready to Trade Company As soon as your application has been approved by Companies House, your new limited company will be ready to trade.
Free UK Bank Account Referral A Free Referral to a UK Bank for UK Residents only
Free Google Adwords Voucher (worth £75) For Individual Clients only. We are delighted to offer you an Adwords voucher of up to £75, when you spend £25.00 with Google
Emailed Official Company Documents Once your company has been formed we will email you a completed set of your new official company register documents and share certificate.
Free Online Company Manager Our Company Manager is linked directly to Companies House. You can view your live company details and make live changes to your company.
Emailed Memorandum of Association A PDF version of your Memorandum. This is a statement which shows the subscribers intention to form a company under the Companies Act 2006.
Emailed Articles of Association A PDF version of your Articles of Association. The Articles are basically the rules of your company, outline the Director’s responsibilities and provide information on the type of business.
Emailed Share Certificate(s) An electronic version of your Share Certificate. This is a legal document which confirms the ownership of the Shares within your company.
Emailed Company Register An electronic version of your Company Register fully completed with the first entries from your company registration.
Emailed Minutes of First Meeting An electronic version of a suggested initial board meeting where the initial resolutions for your company were passed.
Authentication Code For added security to your company. This code is unique to your company, and can be used to make electronic changes. Not many Company Formation Agents provide this service.
Laminated Certificate of Incorporation The Certificate of Incorporation is an essential document that confirms your company exists. It is recommended that you have a printed version of this certificate which we can laminate.
Bound Company Register Includes your Certificate of Incorporation, Memorandum of Association, Minutes of First Board Meeting, Company Register with First Entries and Share Certificate printed and professionally bound together.
Laminated Memorandum of Association The Memorandum of Association outlines the subscriber’s intention to form a company under the Companies Act 2006. Therefore, it is recommended that you have a hard copy of this document.
Printed Certificate of Incorporation A printed copy of your Certificate of Incorporation included in your bound company register. This is an official document which confirms your company name and company number.
Printed Share Certificate(s) A printed copy of your Share Certificate included in your bound company register. This is a legal document which confirms the ownership of the shares within your company.
Printed Memorandum of Association A printed copy of your Memorandum included in your bound company register. This is a statement which shows the subscribers intention to form a company under the Companies Act 2006.

 

Why Choose a PLC Formation?

 

A Public Limited Company (PLC) is a type of Limited Company which is permitted to offer its shares to the public and also has limited liability. A PLC can be either an unlisted or listed company on the stock exchanges.

 

Public Limited company Explained

 

• A PLC Company is a company which allows shares to be sold to the public.
• You are able to buy and sell the shares to anyone.
• A Public Limited Company’s stock can be acquired by anyone and holders are only limited to potentially lose the amount paid for the share.
• There are no maximum shares, you can have as many as you like.
• Permission to advertise sale of shares publicly.
• A Confirmation statement and accounts must be filed each year.

 

Officers within the company

 

A Public Limited Company must appoint at least 2 individual Directors. The director(s) will be responsible for the day to day running of the company. The powers the directors have within the company will depend on what is stated in the company articles.

 

At least 2 Shareholders must be also be appointed in a Public Limited Company. The shareholders can be corporate or individual officers. At least 1 Secretary must also appointed in a Public Limited Company. The Secretary should take care of the administrative roles within the company.

 

Timescale

 

On average a PLC Company is usually incorporated within 24 hours, however; this does depend on the workload at Companies House. We have previously incorporated a company in 6 minutes.

 

We do try our best to ensure your application is processed as quickly as possible

 

Requirements for a PLC Formation

 

To register a PLC Company, you will be required to supply the following:

 

• The company name must end with either ‘PLC’ or ‘PUBLIC LIMITED COMPANY’.
• The Registered Office Address located in the UK. We can supply an address if required.
• A Minimum of 2 Directors, 2 Shareholders and 1 Secretary must be appointed.
• The Officers can be any nationality and can reside anywhere in the world.
• Must have a Share Capital of at least 50,000GBP.
• Only 2 shares need to be allotted at the time of incorporation but 25% of the shares must be allotted to Shareholders and paid for before commencement of business can begin.
• Before a PLC Company can trade, it must ensure that at least £50,000 (or currency equivalent) of its shares have been issued to the Shareholders and that each share has been paid up to at least a quarter of its value.

 

Why use Us for your Public Limited Company?

 

We are highly experienced in this type of formation and our UK business start-up team are on hand to deal with the formation of your Public Limited Company.

 

We have the ability to form your Public Limited Company electronically, eliminating the need to sign and complete any paperwork.

 

All details can be entered online, before placing your order. Before you submit and pay for your company, you will be able to review all the company details you have provided and amend anything if you have entered something incorrect. Once your company has been incorporated you will receive your Certificate of Incorporation and Share certificate(s) confirming the existence of your company and many other fully completed incorporation documents.

 

Our standard package includes all the documents you need legally to start trading with your company. This is quite unique as most companies charge extra for providing a company register, share certificates, minutes of the first meeting etc.

 

We have the software which allows you to adopt/upload your own specific Articles of Association to your company or alternatively use the model articles we provide.