Set up a public liability company with a PLC trading certificate.
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Your new company name:
Our PLC Package, at a cost of just £149.99 +VAT, is ideal for those who wish to set up a public limited company.
Highlights of this package include:
A public limited company has specific requirements for incorporation and commencing trading - over and above those of a private company.
Unlike a private company where only one director is required, a public limited company requires two directors.
Due to the corporate governance requirements of a public company, a suitably qualified company secretary must be appointed on incorporation, for example a chartered secretary, chartered accountant or solicitor.
A public limited company requires a minimum nominal share capital value of £50,000 on incorporation. At least 25% of the nominal value of allotted shares must be paid up – that being a minimum of £12,500.
A trading certificate for a public company must be obtained from Companies House before a PLC can commence trading. This certificate confirms that at least a quarter of the nominal value of allotted shares have been paid up.
This package includes the provision of a trading certificate.
If you were to buy the items included in this package individually, it would cost a total of £289.99. Therefore, at a package price of £149.99, you will enjoy a saving of £140.00 +VAT.
Your new company will usually be formed within 24 hours; however, this timescale is subject to Companies House workload and it may take longer.
If it is of great importance that your company is incorporated as soon as possible or on the same day, we always recommend you add the Guaranteed Same Day Service to your order.
Companies House charge a £50.00 filing fee for company incorporation. This is included in the package price, so what you see is what you pay - there are no hidden costs.
As soon as your company is registered at Companies House we will deliver a full set of company documents to you by email, including:
A digital version of your company’s statutory registers, including completed initial entries from the date of your company registration. The documents included in the company register are:
As soon as your company is registered at Companies House we will deliver a full set of company documents to you by Royal Mail post, including:
It is a legal requirement for all public limited companies to obtain a trading certificate before starting trading.
We will prepare and submit to Companies House the application form for your trading certificate for a public company. Once it has been issued, we will deliver the certificate to you by Royal Mail post.
Allow our highly trained staff to handle the formalities of your VAT registration.
If your turnover is expected to exceed £90,000 in the next 12 months, it is a legal requirement to register for VAT, unless the supplies are exempt.
If your turnover is not expected to exceed the £90,000 threshold, there are a number of reasons why many companies choose to register for VAT voluntarily. Here are some examples:
The VAT registration process explained
As soon as your company is incorporated, we will send you a questionnaire by email, asking for some additional information necessary to complete your VAT registration application with HMRC.
We will then apply for your VAT registration online. The timeline for the approval of new VAT registrations is subject to the information received and HMRC's workload, which can vary significantly.
Once your VAT registration has been approved, we will send your VAT Registration Number to you by email. Your VAT Registration Certificate will be sent to you by post by HMRC.
If there are any employees or directors who will be taking a salary from your company, it is a legal requirement to register your company for PAYE with HMRC. Failure to register for PAYE promptly can result in penalties.
Avoid potential complications by allowing our highly trained staff to take care of the registration on your behalf.
The PAYE registration process explained
As soon as your company is incorporated, we will send you a questionnaire by email, asking for some additional information necessary to complete your PAYE registration application with HMRC.
We will then apply for your PAYE registration online. This process normally takes around 3 weeks, and all of your PAYE information will be sent to you by post directly from HMRC.
If your first payday is less than 3 weeks away, do not be concerned. You should process your salary or salaries on the date of your first payday, and complete your registration information from HMRC. If your first filing is late, HMRC will take into account the timing of your registration so there should be no issues arising from this filing.
UK customers
We have partnered with 7 of the top banks to provide our UK customers with a free business bank account. This offer is only available to companies with UK resident directors and shareholders.
Simply choose your preferred bank when completing your company application form, and they will contact you after your company has been formed. Our current banking partners include Barclays, NatWest, Tide, Monzo and HSBC.
International customers
Customers based outside of the UK are recommended to purchase the Non-Residents or eSeller Packages, which include a free business bank account referral to WorldFirst.
WorldFirst provides a UK bank sort code and account number, as well as the ability to open 10+ local currency accounts for free and spend in over 40+ currencies.
Please note: Account openings for all banking referral partners are subject to approval.
Our Online Company Manager system allows you to take full control of your company details from one central login:
Please note: The standard articles included in this package are suitable for an unlisted PLC. We advise using your own bespoke articles if you require a listing on a regulated market, for example the LSE or AIM.