. The initials PLC after a UK or Irish company name indicate that it is a public limited company, a type of limited company whose shares may be offered for sale to the public. When a new company is incorporated in either England and Wales or Scotland, it must be registered with Companies House, which is an Executive Agency of the Department of Trade and Industry. In the Republic of Ireland, the equivalent body is the Companies Registration Office, Ireland. Northern Ireland also has a Registrar of Companies.
The designation plc, Plc or PLC (either form is acceptable) was introduced in the UK by the Companies Act 1980, and in the Republic of Ireland by the Companies (Amendment) Act 1983. In the Republic of Ireland, the initials "CPT" (for the Irish cuideachta phoiblí theoranta) may be used instead, but this is rarely the case. Welsh companies may use the letters "ccc" (for cwmni cyfyngedig cyhoeddus) in similar fashion. Certain public limited companies incorporated under special legislation (mainly nationalised concerns) are exempt from carrying the letters PLC, CCC, or CPT. When forming (or creating) a PLC there must be: at least £50,000-worth (Republic of Ireland: €38,092.14) of share capital of which at least 25% must have been paid for. Two shareholders, two directors, one of whom may also be the company secretary. A certificate of entitlement (the trading certificate) to do business and borrow capital.
Choose one of the following packages that will best serve you:
Further information
Company Incorporation Private Company Public Company Guarantee Company Management Company Members Company Charitable Company. A publication outlining the UK approach to EU company law and corporate governance was launched on 20 July 2005. It encourages UK stakeholders to get actively engaged in shaping the future EU agenda in this area and provides information on how stakeholders can get involved. Public company is a company owned by the public. There are two uses of this term. A company that is owned by stockholders who are members of the general public and traded publicly. Ownership is open to anyone that has the money and inclination to buy shares in the company. It is differentiated from privately held companies where the shares are held by a small group of individuals often members of one or a small group of families or otherwise related individuals (or other companies).
For a discussion of the British and Irish variant of this type of company, see public limited company. A government-owned corporation – PLC Public Limited Company. This meaning of a public company comes from the fact that government debt is sometimes referred to as public debt (however there are no public bonds), government finance is sometimes called public finance, and so on.
A newly formed PLC must not begin business or exercise any borrowing powers until it has a certificate issued under section 117 of the Companies Act 1985 confirming that the company has issued share capital of at least the statutory minimum (see question one). You can get this certificate from Companies House by completing Form 117. Once issued, the certificate is proof that the company is entitled to do business and borrow.
We will normally post you the certificate, but we can fax a copy for collection at any Companies House office if you ask for this when you deliver Form 117 for registration. A PLC has access to capital markets and can offer its shares for sale to the public through a recognized stock exchange. Incorporating PLC, setting PLC company London, start-up PLC public company. It can also issue advertisements offering any of its securities for sale to the public. In contrast, a private company may not offer to the public any shares in itself. Most of the above rules do not apply to a public company formed abroad. On establishing a branch or place of business in Great Britain, such a company is governed by Part XXIII of the Companies Act 1985, just as any other oversea company is.
However, besides Part XXIII of the Act, they are also governed by regulations in their country of incorporation, by certain parts of the Financial Services and Markets Act 2000, and by the City Code on Take-over and Mergers. Establishing New Ventures - Company Formation - Public and Private Company. The main differences between Public or Private companies relate to the provisions of the Companies Act that are not applicable to private companies. These include: Provisions as to the type of share capital, further issue of share capital, voting rights, issue of shares with disproportionate rights, etc. Provisions restricting the company from giving financial assistance to subscribe to its own shares. Provisions restricting the amount of managerial remuneration paid and certain other provisions relating to managerial personnel.
Provisions restricting the powers of the Board of Directors. Provisions restricting loans to directors. Private companies are deemed to be converted into public companies in the following circumstances: When not less than 25% of the paid up capital of the company is held by one or more corporate bodies. When the company holds 25% of the paid up share capital of a public company. When the average annual turnover of the company exceeds. When the company accepts deposits from the public. On becoming a deemed public company, many provisions of the Companies Act, in respect of which the company had exemption as a private company would become applicable.
Private companies are formed between 2 to 50 members and it prohibits invitation to public for capital issues.
Many provisions of the Companies Act are not applicable. Also, there is a restriction on transfer of shares and the taxation rates are higher. Shares of the Public Limited Companies on the other hand, are normally freely transferable. Minimum seven members are required to form the company. The taxation rates are normally lower and there is a wider coverage of Companies Act. Coddan offers PUBLIC COMPANY INCORPORATION, PUBLIC COMPANY FORMATION UK, FORMATION PLC COMPANY in London, British plc formations. Online English public company creation, public company registrations in London. UK public company formation agent providing public company registration online in England, Scotland and Ireland. Same day public corporation registration in central London or company formations has never been easier, chartered accountant, solicitors assistance.
Sell company shares to public, setting public company in Glasgow, establishment plc company agent in Edinburgh. Liverpool starting public company, public company advantages, public company benefits Manchester, registering public company Oxford, UK PLC public companies. Coddan provides establishing plc company in Delaware, start-up plc and registering plc in USA America. How-to form public company, requirements public company, public-company notice, registered office service, difference public company, going public in England, going public in United Kingdom, running public company. The requirements for the incorporation of private limited companies, public limited companies PLCs and unlimited companies. Publicly Traded Company, Advantages of a Public Company, solicitor, accountant or company formation agent.
How to Become a Publicly Traded Company? Company Formation Plc UK site is all about Company Formation Plc UK great links info and news on Company Formation Plc England, brought to you by for search engine marketing! United Kingdom public limited company formation, company formations Glasgow, forming public limited company Great Britain, London public limited company formations, registration public limited company Great Britain, incorporation business Scotland. Company formation Edinburgh, limited company formations & registration, electronically lodge online, multi award winning system, very easy and informative. Online UK LTD company formation, limited company formations, applications, online registration, and company limited by shares, a public limited company.
This is our most popular package with UK residents, and includes:
The submission of forms detailing your company's executive officers (£50,000 of authorised share capital, a minimum of 25% of which must be fully paid up before you start trading)
Public company formation is usually achieved within 6-8 workday hours (Companies House permitting)
Payment of UK legal and initiation fees
Applicant appointment of directors and secretary roles for company (appointed electronically, 2 separate persons are required)
The following documents will be e-mailed to you (Note: these documents are to be printed and signed):
Electronic Certificate of Incorporation (PDF)
Electronic Memorandum & Articles of Association (MS Word)
Minutes of the First Meeting of Directors (MS Word)
Share Certificates and company Register
Economy Package
£ 102.00
Annual Maintenance Fee £50.00
This is our most popular package with EU residents, and includes:
The submission of forms detailing your company's executive officers (£50,000 of authorised share capital, a minimum of 25% of which must be fully paid up before you start trading)
Public company registration is usually achieved within 6-8 workday hours (Companies House permitting)
Payment of UK legal and initiation fees
Applicant appointment of directors and secretary roles for company (appointed electronically)
A registered office address for 12 months, provided by Coddan
An application form for the following year's renewal of the Registered Office Address service (£50.00)
Annual Return and Annual Account reminder
The following documents will be e-mailed to you (Note: these documents are to be printed and signed):
Electronic Certificate of Incorporation (PDF)
Electronic Memorandum & Articles of Association (MS Word)
Minutes of the First Meeting of Directors (MS Word)
Share Certificates and company Register
Premier Package
£ 151.95
Annual Maintenance Fee £99.95
This is our most popular package with small business, and includes:
Submission of applications that details company's executive director (£50,000 of authorised share capital, a minimum of 25% of which must be fully paid up before you start trading)
Public company incorporation is usually achieved within 6-8 workday hours (Companies House permitting)
Payment of UK legal and initiation fees
Applicant appointment of directors for company (appointed electronically)
A registered office address for 12 months, provided by Coddan
An application form for the following year's renewal of the Registered Office Address service (£50.00)
Nominee company secretarial service for 12 months (next year - £49.95)
Annual Return and Annual Account reminder
The following documents will be posted to you (these documents will be sent via Royal Mail):
The original laminated Certificate of Incorporation
A bound copy of the Memorandum and Articles of Association
The Minutes of the First Directors' Meeting
Two printed share certificates and Company Register
Deluxe Package
£ 276.95
Annual Maintenance Fee £224.95
This is our most popular package with overseas residents, and includes:
£50,000 of authorised share capital, a minimum of 25% of which must be fully paid up before you start trading
Public company formation is usually achieved within 6-8 workday hours (Companies House permitting)
Payment of UK legal and initiation fees
A registered office address for 12 months, provided by Coddan
An application form for the following year's renewal of the Registered Office Address service (£50.00)
Nominee company secretary service for 12 months (next year - £49.95)
Coddan provides a company one nominee director service for 1 year (next year - £125.00)
The name of the nominee director & secretary will appear as a public record
Annual Return and Annual Account reminder
The following two hard bound copies of corporate documents will be posted to you (Note: these documents are sent to you through Royal Mail Service, and are to be completed upon arrival):
The original laminated Certificate of Incorporation
A bound copy of the Memorandum and Articles of Association
The Minutes of the First Directors' Meeting
Two printed share certificates and Company Register
A pre-signed, undated letter of resignation from the nominee director
A General Power of Attorney signed by nominee director
An indemnity Letter for General Power of Attorney
A nominee service agreement which provides for the indemnification of the nominees
Business Start-Up: Legal Requirements
Company subscribers may be residents outside the UK.
You must appoint a minimum of TWO directors.
There is no maximum number of directors.
Directors can be corporate bodies or private individuals.
A director can be of any nationality.
Directors need not be formally trained.
All companies must appoint a company secretary.
Secretaries can be corporate bodies or private individuals.
A secretary can be of any nationality.
Authorised Share Capital (usually £50,000 of which a minimum of 25% must be fully paid up).
The company is required to have a registered office in the UK.
When considering whether or not to go public, you should first ask yourself what your motivations and objectives are. If your reasons are to gain the glamour and prestige that comes along with a successful offering or to keep up with competitors within your industry that are going public, you should think twice. While going public is considered an acknowledgment of success, since typically only high-growth, hot companies can do it, this is not a decision to be entered into lightly - and you don't want to enter into it for the wrong reasons.
Although it is tempting to want to share in the type of fortune and fame that comes along with a lucrative initial public offering, especially after the past several years of phenomenal offerings by technology and Internet companies, you have to consider what is best for your particular company.
Why Incorporate a Public Company in England?
Important Links
The main distinction between Public Company Limited by Shares and Private Company Limited by Shares is that only the Public Company's shares or debentures may be offered for sale to the general public. A Private Company commits an offence if it offers shares or debentures to the public. It is extremely important that an experienced agent help you set up a Public Company as there is a requirement that the authorized share capital not be less than £50,000 and there is a capitalization requirement that at least 1/4 of the nominal value be paid up. Finally, a trading certificate, Form 117, must be filed before the Public Company engages in any type of business. We can prepare these documents for you so that your company is set up properly. When first setting-up a business there are many issues to consider. You need to decide whether or not to incorporate your business, and to choose a structure for your business. There are several types of legal business entities which you can choose to operate as. For more information on these choices, follow the links below. We advise that professional legal and financial advice is obtained before a final choice of business entity is made.
Coddan is a leading service provider in the field of English, Scottish and Irish company formation and company registration. We can help you in starting a business in England & Wales Scotland and Northern Ireland. Over 95% of our companies are incorporated within 6 hours. The electronic submission of information enables a fast company start-up satisfying all of the required legal formalities: a director, a secretary, a registered office and shareholders. Our electronic filing software has been approved by Companies House.
Suggested Reading
There are many sound reasons for wanting to go public. For instance, equity capital obtained from an initial public offering is considered a permanent form of capital since there is no interest to be paid on the equity, and it is not repayable like debt. Therefore, funds generated by a public offering are considered a relatively "safe" form of capital for a business. Going public can also allow a company the freedom and flexibility to spend capital, as it needs to finance its growth and further development, providing a solid financial base on which to build.
Equity capital from an initial public offering also allows a company to exploit its market opportunities while they are present - before competitors are able to seize them.
Public companies would have extra measures introduced for their formation. Certificates of trading would need to be sought as well as a certificate of incorporation. The certificate of trading would be needed before the public entity could start any kind of trade of financing activities. The obtain such a document certain key share capital requirements would have to be met relating to the minimum amounts both issued and paid for. We offer electronic public company formation and electronic filing of documents.
We also offer nominee joint secretary and registered office facilities in addition to UK public company formations.
We will form your new public company with your intended directors, company secretary, registered office and shareholders all in place and recorded at Companies House at the time of incorporation, although we can of course still use our nominees for incorporation purposes if you prefer. We complete all the minutes, statutory registers and official documents on your behalf, and ensure that all necessary forms and resolutions are correctly filed with the Registrar of Companies.
If you want to become familiar with the description and the contents of UK PLC formation packages, offered by Coddan CPM LTD and to find above, what kind of service is included in this or that PLC formations package, to get an idea about the price of annual renewal of the service, and about the general legal requirements to the public company incorporation, please, select the package you need from the list, situated below the banner.
The information in the banner will be renewed according to the package you've chosen. All of our Memorandum and Articles of Associations and Partnership Agreements were reviewed and approved by a volunteer U.K. lawyer. The basic document package we provide will not differ significantly from that available at a major corporate law office. If you have any questions please E-Mail or call us: 033 0808-0089 or +44 (0) 207.935.5171, fax: +44 207.504.3531. You May Use This Form to Incorporate a New Public Company:E-Quick PLC Incorporation Package
Incorporate a Public Company in America Do you want to incorporate a public company in the USA? Are you looking to incorporate an American Public Company? Thinking about incorporating? Are thinking about incorporating in Delaware? Then come to the incorporate specialists at Coddan CPM LTD and find out how you can begin protecting your assets and saving money on taxes today.
Corporations have shareholders, officers and directors. One person can hold all positions in most states. A corporation is also required to hold annual shareholders and directors meetings. Personal and corporate funds should not be commingled in the same account. If corporate formalities are not followed (e.g.. the corporation is not treated like a separate person from the owners), many states allow the owners, officers or directors to be held liable debts of the corporation.
Corporate formalities, while necessary, are typically quite simple. A corporation is properly formed when the required documents are filed with the Secretary of State. Click here to learn more.
The information you provide to us is held in absolute privacy. We pledge NEVER to sell your name or personal information to any third party. In addition, we go the extra mile to make sure that our servers and connections incorporate the latest encryption and security devices. We strive to be the best legal documentation service on the web. If you are not satisfied with our services for any reason, please contact us immediately and we will either correct the situation or provide a refund, your choice.
Please Note: The prices payable for the items that you order are clearly set out in the web site. There will be no contract of any kind between you and us unless and until we receive payment from you. We act as your agent in the incorporation of public companies and electronic filing of Companies House forms. We are not able to guarantee that any such filing will be acceptable to Companies House, nor are there any contractual obligation upon us to do so.
If Companies House rejects incorporation or other electronic filing, we will credit your account with a full refund and the contract between us will be made void. Companies House does not offer a cancellation facility for the incorporation of companies or the electronic filing of documents. We will be unable to cancel any such submission on your behalf and will not refund any payment you have made.
All prices shown at Coddan CPM LTD Web Site are in Great British pounds. Credit cards are the preferred method of payment; we accept VISA, MasterCard and Delta. We can accept payment in UK Pounds Sterling, US Dollars, Euros, Australian Dollars and Canadian Dollars. If you do not feel comfortable transmitting your credit card number and other information on the Internet, we suggest you place an order online, choose "Credit Card via Phone" as the payment method, and then phone in to give us your credit card number over the phone. We'll charge your credit card manually.
Pre-payment with cashier's check or money order is accepted. We accept wire-transfer from anywhere. After you place your order, details about the wire-transfer process will be e-mailed to you on the second e-mail notification. If you missed that e-mail, please call our toll-free number that's given on the order confirmation.
Live Help: Live Help is a real time "chat" feature which enables you to interact with a customer service representative without a phone call. Get answers to your questions while using our website. Clicking the "Live Help" button will start an on-line session with one of our representatives. Live Help is currently available during normal business hours. Outside of the above opening hours our business center will be closed.
When you click on the button you will see an e-mail form that will allow you to send us a mail with your questions. Live Help is absolutely free! There are no hidden fees. We offer the service as a courtesy to our website visitors.
PLC Company Formation Services - Only £52.00! All Inclusive Company Registration. Each public company package includes all statutory paperwork and is fully compliant with company law. All our public UK companies are general trading companies and can be used to conduct any type of business. A Certificate of Incorporation, and the Memorandum and Articles of Association of your company will be sent to you upon formation of your company. You can appoint your own directors and secretary BEFORE company incorporation. This is absolutely FREE. Our 4-8 hour online incorporation service enables you to register your company quickly and effortlessly. All government and filing fees are included in the cost of our E-Quick pack. All certificates and documents will be sent directly to you via email immediately following the formation of your company. It will take just 5 minutes to complete the online registration form, then your company could be up and running within 4-8 working hours.
THE E-QUICK PACKAGE CAN BE UPGRADED WITH ANY OF THE FOLLOWING FEATURES:
1. Company Pliers Seal - £20.00. 2. Laminated Hard-copy of the Certificate of Incorporation - £5.95. 3. Laminated Hard-copy of the Certificate of Incorporation, Bound Copies of the Memorandum & Articles, and Combined Company Register - £12.95. 4. Domain Name Registration for two years - £16.00. 5. Provision of a Registered Office Address for 12 months - £50.00. 6. Provision of a Nominee Company Secretary for 12 months - £49.95. 7. Certificate of Good Standing - £35.00. 8. Notarisation & Apostille of Documents.
Dear visitors, while having a chat session with a customer, we are frequently requested to give a piece of advice on tax planning or business structuring. We would like to inform you that it is against our principles to provide online advice pertaining to these issues. The points that may be covered during a session include service description, package or service price, navigation at our website, ways of making an order, methods of payment etc.
Yet, if you wish us to provide you with advice on tax or business structuring, you should be aware that this service is chargeable. If you have any questions please E-Mail or call us: 033 0808-0089 or +44 (0) 207.935.5171, fax: +44 207.504.3531.
Running a Public Company: Floating your company on the stock market represents an important sea change for your business - with a whole new range of responsibilities. Once you've done it successfully, every action you make will be in the public arena, with a whole new group of people to keep happy, including shareholders, the financial markets, regulators and the financial press. In many ways, going public involves a permanent change in how you run your business.
These changes will affect almost every aspect of how your business operates.
As leader of your company, you and your management team now have to balance the needs of your business with the expectations of the financial markets. Obviously, you should be aware of these issues before you even embark on the flotation process. But you should also be aware that the commitment goes beyond the initial flotation: to really prosper on the public markets, you need to recognise that the changes involved are permanent, requiring a long-term commitment.
Your Responsibilities: By becoming publicly quoted, you and your company have now taken on a whole range of new responsibilities that will have a profound affect on how you run your business: It's more than likely that you now have a much larger number of external shareholders, to whom you and your fellow directors are accountable. You don't just need to keep them informed of developments within your company; you also need to maintain their support, by cultivating their views and seeking their involvement in the crucial planning and decision-making within your business. The financial markets now govern the value of your company. Your share price can be easily discovered from the financial papers, or more directly from the markets themselves. This value will be determined by the market's view of your company's performance over time, as well as by general market conditions. You now have responsibilities to the market as a whole, in terms of informing them of all news likely to have an impact on your company's share price, and explaining the key decisions and actions taken by the company and its senior office-holders. At one level, you need to conform to the specific rules used by your market about informing market participants, for instance by posting results and price-sensitive news on the markets' electronic news systems. At another level, you need to judge what extra information you wish to circulate, in terms of how this might affect your share price. This could have a significant impact on your ability to raise more finance from the market at a future date. Perhaps of greater significance than any of the above is the fact that all of these issues can be managed effectively. To really prosper on the public markets, you need to attend to all of the above issues, making sure that all the key players influencing your company - your shareholders, your advisers, market intermediaries and the financial media - have the most positive view of your company and its future prospects. You do this effectively by ensuring a regular flow of timely and accurate information.
Reporting Requirements: On a public market, you will have important responsibilities to provide information to the market. This will include: Your financial reports, usually covering annual and mid-year results (on NASDAQ and EASDAQ you need to submit quarterly results); and Notices of all news and information likely to affect your price - each market has specific rules governing this, which you will need to familiarise yourself with. There are also rules governing your own actions as a director of the company – including, in some cases, restrictions on whether (and how) you can sell your shares in the company, for instance within a specified period after your launch on the market. Failure to comply with these regulations can have dire consequences for your company - and for you as a Director. This could have a big effect on your company's reputation in the market and could have a major impact on your share price.
INCORPORATE A PUBLIC COMPANY IN THE UNITED KINGDOM. WHAT IS A PUBLIC LIMITED COMPANY?
Prior to the 1985 Companies Act, the only way that a company could offer its shares to the public to raise capital was by admission to one of the official stock markets. This was limited to a relatively small number of substantial companies and excluded the small to medium-sized enterprise in need of capital.
The 1985 Act created the PLC and made the procedure to acquire public company status much simpler. British public limited company is a company which is registered as such and complies with the following:
It must state that it is a public limited company both in its memorandum and in its name. The memorandum must contain a clause stating that it is a public limited company and the name must end with 'Public Limited Company' or 'PLC' (or if it is a Welsh company, the Welsh equivalents 'Cwmni Cyfyngedig Cyhoeddus' or 'CCC'). The memorandum must be in the form specified.
It must have an authorised share capital of at least £50,000. Before it can start business, it must have allotted shares to the value of at least £50,000.
A quarter of them, £12,500, must be paid up. Each allotted share must be paid up to at least one quarter of its nominal value together with the whole of any premium. For example, if a share with a nominal value of £1.00 is sold for £6.00, then it is said to have a premium of £5.00. This premium must be paid to the company, together with a minimum of a quarter of the nominal value of each share. That is £0.25p plus £5.00, making a total payment of £5.25.
For British and Scottish Public Limited Companies you must appoint a minimum of TWO directors (plus a Company Secretary).
PLC must have an issued share capital of not less than fifty thousand pounds of which a minimum of 25% must be fully paid up. Shares cannot be issued for an undertaking to do work or perform services; payment for shares may only be by 'cash' or a 'non cash' consideration. The latter method would normally be in respect of a property or other tangible asset and completed within 5 years of the allotment.
A PLC is not obliged to float its shares or offer them for sale, and it can remain as private as the shareholders wish and as with private limited companies if the shares have been fully paid there is no shareholder liability.
A PLC enjoys increased status because of the larger capital base. English and Scottish PLC requires two shareholders and two directors one of whom may also be the company secretary. A company registered as a public company on its original incorporation cannot commence business or exercise its borrowing powers unless the Registrar has issued it with a certificate of entitlement to do business and borrow (the trading certificate) which normally takes approximately two weeks to process.
Incorporation Packages Available from Coddan: For clients from all over the world Coddan, with different requirements, needs and budget, Coddan offers a series of company formation packages tailored to your needs. Ranging from our E-Quick formation package, which is perfect for those who simply want a fast company formation and are confident enough to do the rest on their own, to our Deluxe Business start up package, which includes a host of additional features designed to organise all the administrative formalities and leave you free to concentrate on your core business.
E-QUICK Public Company Formation Package For Just £52.00 The E-Quick Public Company formation package is our most popular package with UK residents. It is ideal for small to medium businesses that have their own address in the UK, and that have a partner appointed as company secretary. It offers:
Electronic submission and incorporation of your company at Companies House Certificate of Incorporation Specially Drafted Memorandum and Articles of Association for Public Limited Company
All of the documents offered by this package are sent directly to you by email. Order the E-Quick Public Company Formation Package:E-Quick Public Company Formation Package - £52.00 (incorporation, government taxes and government fees are included).
ECONOMY PUBLIC COMPANY Registration Package For Just £102.00 The ECONOMY UK Public Company Limited by Shares formation package is our most popular package with EU residents, who are intending to help disabled, homeless, orphan child or poor people, to promote religious ideas to the public. It is ideal for smaller companies, such as those being run by a sole director from home who has a partner to act as company secretary, where a registered UK address is required for correspondence between your company and UK authorities (i.e. Companies House and the Inland Revenue). It offers:
Electronic submission and incorporation of your company at Companies House Certificate of Incorporation Specially Drafted Memorandum and Articles of Association for Public Limited Company Registered UK office address Forwarding of Official Mail
All of the documents offered by this package are sent directly to you by email. Order the Economy Public Company Formation Package: Economy Public Company Incorporation Package - £102.00 (incorporation, government taxes and government fees are included).
PREMIER Incorporation Package For Public Company Limited by Shares For Just £151.95 The PREMIER Public Company incorporation package is our most popular package with small to medium companies. It is ideal for businesses that require a registered office address in London, Birmingham, Manchester, Edinburgh or Glasgow, and that does not want, or cannot find someone, to appoint as a second person in their company. It offers:
Electronic submission and incorporation of your company at Companies House Certificate of Incorporation Specially Drafted Memorandum and Articles of Association for Public Limited Company Registered UK office address Forwarding of Official Mail Nominee Secretary Service
Upon the formation of your company, the following documents will be sent to you: a laminated copy of the Certificate of Incorporation of your company, a hard bound copy of the Memorandum and Articles of Association of your Public Limited Company, a hard bound copy of the Minutes of the First Meeting of the Directors, a company register. Order the Premier Public Company Formation Package: Premier Public Company Registration Package - £151.95 (incorporation, government taxes and government fees are included).
DELUXE Business Start Up Package For Just £276.95 The DELUXE business start-up package is our most popular package with international customers. It is designed to allow our clients to retain anonymity for legitimate reasons. It offers:
Electronic submission and incorporation of your company at Companies House Certificate of Incorporation Specially Drafted Memorandum and Articles of Association for Public Limited Company Registered UK office address Forwarding of Official Mail Nominee Secretary Service Nominee Director Service Power of Attorney
Upon the formation of your company, the following documents will be sent to you: two laminated copies of the Certificate of Incorporation of your company, two hard bound copies of the Memorandum and Articles of Association of your Public Limited Company, two hard copies of the Minutes of the First Meeting of the Directors, a company register. Order the Deluxe Public Company Formation Package: Deluxe Public Company Start Up Package - £276.95 (incorporation, government taxes and government fees are included).
Can a PLC Issue Shares in Another Currency? Yes, if it has passed the necessary resolutions to adopt that currency as part of its authorised capital and given the directors the authority to allot that capital. However, it must always have at least the authorised minimum of £50,000 sterling in issued capital, irrespective of what other currency it uses. A company may use as many currencies as it wishes for its share capital provided that they are true currencies.
When Can a PLC Start Business? A newly formed PLC must not begin business or exercise any borrowing powers until it has a certificate issued under section 117 of the Companies Act 1985 confirming that the company has issued share capital of at least the statutory minimum. You can get this certificate from Companies House by completing Form 117. Once issued, the certificate is proof that the company is entitled to do business and borrow.
We will normally post you the certificate, but we can fax a copy for collection at any Companies House office if you ask for this when you deliver Form 117 for registration.
Are There Any Other Restrictions on a PLC? Yes. There are four main restrictions:
A PLC must have at least two members and at least two company directors. The secretary (or each joint secretary) must also be a person who appears to the directors to have the necessary knowledge and ability to fulfil the functions and who:
Held the office of secretary or assistant or deputy secretary on 22 December 1980; or for at least three of the five years before their appointment, held the office of secretary of a non-private company; or is a barrister, advocate or solicitor called or admitted in any part of the United Kingdom.
Or is a person who, by virtue of his previous experience or membership of another body, appears to the directors to be capable of discharging the functions of secretary; or is a member of any of the following bodies: - the Institute of Chartered Accountants in England and Wales; the Institute of Chartered Accountants of Scotland; the Institute of Chartered Accountants in Ireland; the Institute of Chartered Secretaries and Administrators; the Chartered Association of Certified Accountants; the Chartered Institute of Management Accountants (formally known as the Institute of Cost and Management Accountants), or the Chartered Institute of Public Finance and Accountancy.
A PLC normally has only seven months after the end of its accounting reference period to deliver its accounts to the Registrar. A civil penalty will be incurred if it delivers accounts to Companies House after the statutory time allowed for filing. UK PLC cannot take advantage of many of the provisions and exceptions applying to private companies under the Act, such as audit exemptions for small private companies. A PLC cannot apply for voluntary strike-off under section 652A, Companies Act 1985.
What Then is the Advantage of a Public Company? A PLC has access to capital markets and can offer its shares for sale to the public through a recognised stock exchange. It can also issue advertisements offering any of its securities for sale to the public. In contrast, a private company may not offer to the public any shares in itself.
Do These Rules Apply to an Overseas PLC? Most of the above rules do not apply to a public company formed abroad. On establishing a branch or place of business in Great Britain, such a company is governed by Part XXIII of the Companies Act 1985, just as any other overseas company is. However, besides Part XXIII of the Act, they are also governed by regulations in their country of incorporation, by certain parts of the Financial Services Act 1986, and by the City Code on Take-overs and Mergers.
Check Your Order Status
£ 52.00
This is our most popular package with UK residents, and includes:
The submission of forms detailing your company's executive officers (£50,000 of authorised share capital, a minimum of 25% of which must be fully paid up before you start trading)
A registered office address for 12 months, provided by Coddan
+44 (0) 207.935.5171 
+44 (0) 141.530.8188 
+44 (0) 289.099.8744 
It's more than likely that you now have a much larger number of external shareholders, to whom you and your fellow directors are accountable. You don't just need to keep them informed of developments within your company; you also need to maintain their support, by cultivating their views and seeking their involvement in the crucial planning and decision-making within your business. 
Prior to the 1985 Companies Act, the only way that a company could offer its shares to the public to raise capital was by admission to one of the official stock markets. This was limited to a relatively small number of substantial companies and excluded the small to medium-sized enterprise in need of capital. 
