Public Limited Companies

A Public Limited Company (known as a “PLC”) offers the prestige to those that own and operate such a company, but there are some drawbacks.

Public Limited Company Characteristics

A UK Public Limited Company may offer to sell its shares to the public. Before it is allowed to trade a PLC must satisfy Companies House that at least £50,000 of shares have been issued and that each share has been paid up to at least a quarter of its face value. It is important to note that the shareholders are potentially exposed to GBP50,000 in total.

A Public limited company has to have a minimum of two shareholders and a minimum of two persons acting as company directors. The company secretary must be a person that can demonstrate he/she has the necessary skills and experience to carry out their duties adequately. We can provide a Company Secretary for PLC’s.

The Company Secretary must:
  • have had a position of company secretary or alternatively have been a deputy company secretary as at 22 December 1980, or
  • have been a company secretary for three out of the last five years with a company which is non private or
  • be a legal person with the appropriate qualifications obtained in the UK or
  • have the confidence of the directors who feel that due to the persons experience and knowledge can discharge the required duties in the manner expected or
  • be a member of one or more of these professional organisations:
    • the ICAEW
    • the ICAS
    • the ICAI
    • the ICSA
    • the ACCA
    • the CIMA
    • the CIPA

How to Order a Public Limited Company

Please contact our public limited company specialists for further information.

Step 1

Step 1: Check Your Company Name Direct With the Companies House Database To See If It's Available