A Public Limited Company (PLC) has many similarities to a Private Limited Company (Ltd). However, the name and constitution of the Public Limited Company must state that it is a PLC, and certain rules and requirements about the minimum capital of the company and its corporate make-up must be satisfied.
Public Limited Companies tend to be larger, established companies, and listing on the Stock Exchange or Alternative Investment Market (AIM) means that its shares can be traded publicly.
This is one of the core differences between a PLC and Ltd (which cannot offer its shares for sale to the wider public). In order to reach the point where this is possible, a PLC must meet lots of stringent requirements set by the Companies Act 2006 and the Financial Services and Markets Act 2000.
Clients wishing to incorporate a company as a PLC or convert an existing company to a PLC, or to list your business on any of the regulated markets should contact our Corporate Department to discuss whether this is a suitable course of action for you, and how this can be achieved best.