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What is a PLC company?

April 26, 2017COMPANY Plc

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What is a PLC company?

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A public limited company (PLC) had a Memorandum which states that it is a public company. It has an authorised share capital of 50,000 minimum and is registered at Companies House as a PLC. The company must have a minimum of 2 directors and one company secretary and have at least 2 shares issued. Before you can start trading as a PLC you will need to complete a form 117 from Companies House and make a statutory declaration that the company complies with the minimum share capital for a PLC. It must also have issued 25% of share capital which must be fully paid. Where the share capital is 50,000 this would be 12,500.