PLC Incorporation - London Registrars

 

A public limited company must have at least two directors and a company secretary who is on record with Companies House.

A public limited company also must have issued share capital of at least £50,000 (or the prescribed Euro equivalent as set from time to time by the Secretary of State). The liability of each member is limited to the value of shares a member holds. Registering your company as a PLC entails many benefits as well as more stringent capitalisation and governance requirements. For more information please visit the plc section in our FAQs.

To incorporate your PLC, we will:

  • check if the name you have chosen for your company is available and in line with company name rules
  • prepare company registration forms, Articles of Association, Statement of Capital and Initial Shareholdings and statutory registers, using our own customised Model Articles
  • file the documents and pay the required fees at Companies House
  • provide legal advice on the issues related to your company formation, obligations and duties
  • forward the Certificate of Incorporation, statutory registers and the Memorandum and Articles of Association to your registered office address
  • applying for the trading certificate (on receipt of satisfactory evidence that the required share capital has been paid in).

Our PLC incorporation is priced from £199 to £299 plus VAT for incorporations with up to two directors, and is inclusive of agents fees, the registration fee payable to Companies House and AML checks. For any added directors or corporate shareholders, an additional fee of £55  plus VAT each would be payable. Any work required to prepare bespoke articles or review articles prepared by someone else would be quoted for separately.

If you already own a private company limited by shares, we can assist you in re-registering your firm and changing its status into a public limited company. Please go to Ltd to PLC company status change page for more information.

London Registrars also provides company secretarial and registered office services.

To comply with anti-money laundering regulations, we will be asking for ID documents and proof of address in respect of each proposed director and any shareholder with more than 25% shareholding. These must be certified by a solicitor or notary.

Once the company starts trading, it will need to apply for a trading certificate, but first it will need to fulfil certain conditions regarding minimum payments of the capital.

Our service to advise and arrange the trading certificate will be £99 plus VAT.

If you would like to discuss this service with us in more detail please contact us.

Comments

Post a Comment

Popular posts from this blog

Things You Might Not Have Known About Process Agency Services - London Registrars

Image
If you have landed on this page having searched online for information about what a process agent is and how this type of service works, you are in the right place. Our team at London Registrars is ready to give your organisation outside the UK the benefit of a UK-based process agent, who will be able to receive formal notices on your behalf. However, at this stage, there may also be various things you don’t know about what a process agent does and doesn’t do. So, we thought we would outline a few things that mark out process agency services , to guide you in your choices. Process agents are known by various terms. A process agent isn’t always referred to as a ‘process agent’; sometimes, you might have come across references to terms like ‘agent for service of process’, ‘registered agent’, or ‘resident agent’. Regardless, these all describe the same service. Whilst it is not a legal requirement to appoint a process agent, you may find that in the event of your organisation want...
Read more

What Is A Process Agency Part 2 - London Registrars

Image
In our previous blog post here at London Registrars, we wrote about the significance and role of a process agent service , including what a process agent is, in what circumstances it might be needed, and who can act as a process agent. Turning to part two of our guide, we will answer more of our readers’ and clients’ pressing questions, so that you can be sure of only making the most informed decisions for your own organisation’s requirements. What is a process agent letter? The term “process agent letter” refers to the letter that appoints a process agent in England and Wales (also known as the Process Agency Agreement) so that the agent can accept legal proceedings on behalf of a party that has submitted to the English courts’ jurisdiction, but which lacks a registered office in the jurisdiction. How might a process agent be involved in a loan agreement? A process agent service is often especially appropriate in situations involving loan agreements – for example, where an ...
Read more

The Benefits Of Hiring A Process Agent - London Registrars

Image
For organisations based outside of the UK that have reason to conduct business with UK suppliers, or under a contract subject to UK jurisdiction, or attempting to raise a loan from a City institution, a UK process agent service can be crucial for ensuring service of notices, proceedings or documents can be accepted by such organisations within the UK. A City lender, for instance, will typically expect a borrower from another country to appoint a UK-based process agent so that, in the event of the borrower defaulting on the loan, they can still receive formal notices in the UK in relation to this. So, what are some of the particular benefits of a UK process agent service that your organisation from another jurisdiction should be aware of? A professional process agent offers specialist expertise Turn to an organisation like London Registrars for your firm’s process agent service in the UK, and you can be sure you will be represented by someone in the UK who possesses the expertise and e...
Read more