A public limited company (‘PLC’) is now defined as a company limited by shares (or limited by guarantee and having a share capital):

  1. Whose certificate of incorporation states that it is a public company and
  2. which has been registered or re-registered as a public company on or after 22 December 1980.

The main features of a public limited company are:

  • the name must end with the words public limited company or PLC
  • the allotted share capital must have a nominal value of not less that the ‘authorised minimum’ which is presently £50,000 or the euro equivalent
  • the allotted share capital must be at least 25% paid up as to nominal value and be at least 100% paid up as to any share premium
  • they are subject to stringent rules to ensure that full value is given for allotted shares
  • their shares can be offered to the public
  • the Company Secretary must be a qualified person i.e. a Chartered Secretary, Chartered or Certified Accountant, Solicitor of such other qualified person

The statutory package for a Public Liability Company includes:

  • Original Certificate of Incorporation
  • 4 bound copies of the Articles of Association
  • Draft minutes of the first board meeting
  • Statutory Books
  • Pre – printed share certificates
  • Stock transfer forms if applicable

M&N Group can draft bespoke articles to suit any specific needs.

Check the availability of your proposed name using our free Company Name Check

CALL 020 8974 5252 


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Testimonials

Retirement Villages Group
Retirement Villages have worked with M&N for many years and have found them to provide a professional, efficient, fast and friendly service on all occasions.  All documents and filings have always been prepared well in advance of deadline. Additional requests for advice on technical matters have been dealt with promptly and in a clear and professional manner. All ad hoc enquiries are met with a swift response. For all company secretarial matters I would strongly recommend M&N. We do appreciat…
Financial Controller