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 formtion agent 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.
Formation agents will complete all the necessary paperwork, all submissions will be made directly to Companies House using their approved software, which gives the incorporation agent the privilege of application priority handling by Companies House registration team.
Furthermore, the agent will offer a range of services related to your business needs, services ranging from bank account openings, 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.
Sign electronically for a PLC company establishment using your mouse, and receive all the documentation you need to have to operate a company.
Coddan is a top-performing provider of bespoke public firms registration, and creative business solutions. We are a leading full-service PLC formation agent providing a comprehensive range of public company establishment to organisations and individuals alike. Our reputation is built on providing top quality public company start up services and by developing long term, mutually beneficial relationships with all clients, including individuals and businesses across the UK and internationally.
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 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 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.