U.K. Professional Clients
U.K. Private Customers
Incorporation of a public company limited by shares in Scotland: unlike a private company, a public company has access to the capital markets, can sell shares in itself via a stock exchange and can advertise its securities for sale to the public. The drawback of registering a public company is that there are additional requirements when compared with a private limited company. Coddan can help make the registration of a public company in Scotland easy.
When you register a Scottish public limited company it is necessary to have two directors, two shareholders and a company secretary. One of the directors may also be the secretary. Coddan can provide a company secretary to fill any or all of these roles for an annual fee.
In order to register a PLC it is necessary to have £50,000 of allotted share capital. Of these shares a quarter, or £12,500, must be paid up. In addition any premium paid on the shares (amount paid in addition to their market value) must be paid in full.
Before a public company starts trading it must have a certificate that entitles it to do business and borrow known as a trading certificate. The trading certificate will be posted out to you or faxed to your nearest Companies House office as soon as we have it.