U.K. Professional Clients
U.K. Private Customers
The requirements for the public company establishment: starting a new public company can be more challenging and complicated then it may appear, it's this very reason why using a public company formation expert can be worth your while, offering you the comfort in the knowledge that all compliance will be met, and your PLC company will be trading in the most sufficient time possible.
We, as your formation agent will complete all the necessary paperwork, all submissions will be made directly to Companies House electronically, using our approved software, which gives the trustworthy companies registration agent the privilege of application priority handling by Companies House incorporation team.
Furthermore, the expert will offer a range of services related to your business needs, services ranging from bank account referral, filing of annual accounts, certification of documents, creation of company stamps /seals, and many other services which will get your PLC company up and running in a matter of hours.
A UK public company limited by shares must to have at least two directors (natural person), one shareholder, and must have a secretary. You need at least two persons to register a public company limited by shares, the directors can also act as the secretary and/or shareholder.
The Companies Act imposes no restriction on the minimum age of a company directors. However Companies House will actively discourage the appointment of anyone under the age of 16 from taking up a company' directorship on the grounds that the individuals concerned may not fully understand the legal liabilities that go with the position and for the most part will not have the experience necessary to perform the duties of a company director.
Under the Companies Act 2006, there is no restriction on any or all of the members/shareholders being from an overseas country (i.e. outside the United Kingdom in terms of residency, domicile, citizenship, place of incorporation or all or any of those concepts).
There is no requirement for the officers of your public company to be UK citizens or residents, nor for them to hold valid work permits. Owning, or being an officer of a UK registered public company does not, however, grant you any rights to live or work in the UK if you are a foreign national.
Your public company must have a registered office address within England, Wales, Scotland or Northern Ireland; this is the official address of your company and will be on the public record as such. If you don't have a registered office here, we can provide you the registered address in London, Edinburgh, Manchester and a registered office address in Belfast for the registration of a public company.
Your public company must hold its official company documents at its registered office: its register of shareholders, and its constitutional documents.
So long as you maintain a registered address in England or Wales, or Scotland, you can conduct your business activities from any place in the world, means that you do not have to run your business from a registered office address.
Sign electronically for a PLC company registration online using your mouse, and receive all the documentation you need to have to operate a PLC company.
Coddan is a top-performing service provider of bespoke public companies registration, and creative business solutions. We are a leading & credible PLC company formation agent providing a comprehensive range of public company set-up to organisations and individuals alike.
Our reputation is built on providing top quality digital public company incorporation services and by developing long term, mutually beneficial relationships with all clients, including individuals and businesses across the UK and internationally.
We offer the complete digitally UK public companies registration services with your choice of a company name, we can also assist with opening bank account, we can also help to open a bank account for behalf of your registered PLC entity in other countries, please call us to discuss your needs.
A company which has been registered as a public on original incorporation must not begin business or exercise any borrowing powers until it has a trading certificate, issued under s.761 of the CA 2006, confirming that the PLC company has met the allotted share capital requirements of the CA 2006.
The certificate is the proof that the public company can trade and borrow. You can apply for a trading certificate for your public company though us.
The allotted share capital requirements are that the company must have allotted shares at least up to the value of the authorised minimum (£50,000). Each allotted share must be paid to at least one-quarter of its nominal value together with the whole of any premium on it.
What does this mean in practice? Well, if £50,000 shares with a nominal value of £1.00 each are allotted at nominal value with no premium, the minimum consideration which must be paid to the PLC company is one-quarter of the nominal value of each share, that is 0.25p per share, making a total minimum payment of £12,500 for 50,000 shares.
If you have a public company in UK, there are a few things that you need to do before you can start trading. If you try to start trading before you have started the PLC company registration process, then you may be trading illegally, and can run into difficulty. Here are some of the steps which you need to undertake before to start your public company formation.
The very first step in public company incorporation is to choose your company name. You cannot register a company without one, and it helps you to begin to see your company as a real entity. You will be able to refer to your company when networking, and can also get things like business cards, logos and so on ready for when you are ready to start trading.
Once you have come up with a company name you need to check it against the Index of Company Names at Companies House to ensure that you are not taking another company's name.
We can help you to set-up your PLC company, so choose the right low-costed package for your company with us and we will be able to get you set-up with everything you need. It is simple & fast to work with us on setting-up your PLC company, as we handle all of the legal stuff so you don't have to.
We will be able to provide you with the application form or you can go online and fill it out to send back to Companies House. The application form will ask you for things like your public company name, your own name and registered company address, a company' director's details and the details of any shareholders. You will need to provide the memorandum and articles of association (both of which we can help you with).
After this you submit your application form and wait. Once Companies House has approved your application then you can start trading immediately.