Public Limited Company

There are numerous requirements for a company to achieve a Public Limited Company status, including

  • The name of a public limited company must end with the words ‘public limited company’,
  • A PLC must have an issued share capital with a nominal value of not less than the authorised minimum currently £50,000
  • The company secretary of a public limited company unlike that of a limited company normally requires certain qualifications
  • PLC companies must have a minimum of two shareholders.
  • PLC cannot submit abbreviated accounts and therefore must submit full accounts.

If you are considering forming a PLC it would be advisable to seek the guidance and advice of an Accountant to ensure that, initially a PLC is the appropriate company structure.

Just Accountants have a number of qualified Chartered Accountants that will be able to assist you weigh up the pros and cons of such a structure as well as make comparisons to alternative trading vehicles.

For more information and to discuss your requirements with one of our experts please Contact Us today.

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