|What is a PLC company?
A public limited company (PLC) had a Memorandum which states that it is a public company. It has an authorised share capital of £50,000 minimum and is registered at Companies House as a PLC.
The company must have a minimum of 2 directors and one company secretary and have at least 2 shares issued.
Before you can start trading as a PLC you will need to complete a form 117 from Companies House and make a statutory declaration that the company complies with the minimum share capital for a PLC. It must also have issued 25% of share capital which must be fully paid. Where the share capital is £50,000 this would be £12,500.