Fill Your Details & Get Your Quote
Get Instant Quotation over whatsapp
9716778456
A public company is a corporation whose ownership is open to the public. Anyone can buy shares in the company’s stocks. A limited company is a corporation in which an individual’s financial liability for the company is restricted to a fixed sum - this sum is usually the value of their investment. A PLC is a combination of these two concepts - it is a public company whose shareholders (who could, theoretically, be anyone) are responsible for the company’s financial liabilities to the extent of their investment.The other key point of note is that before a PLC can start business, it must have allotted shares to the total value of at least £50,000..
In contrast to a public company, a private company cannot be owned by any members of the public. It will instead be owned by an NGO (non-government organisation) or a relatively small number of shareholders, and the sale of company shares is handled privately. However, these companies are limited, like PLCs, and this has the same implications for a private company as it does for a public company. Once again, an individual is only responsible for the business’s financial liabilities to the extent that they invested in the company. Private limited companies are one of the most common types of companies.
Yes. Any person can set up a UK limited company. It is not necessary for directors or shareholders to be resident in the UK although your registered address must be in the UK. You cannot act as a director if you are bankrupt or are under the age of 16. There are a number of benefits in registering a UK company for people living in other countries.
The rules on the availability of names are quite complex. In general you can use any company name that is unique. The name must end with the word ‘Limited’ or its abbreviation ‘Ltd’ and you cannot use a name that contains abusive or offensive words. When considering whether a name is the ‘same as’ another already registered, certain words such as ‘the’, ‘&’ or ‘and’, ‘company’, ‘co’, ‘www’, ‘UK’, ‘EU’ and ‘international’ (plus many others) are ignored when comparing similarity in names.
All UK companies must have a registered address in the UK. We will provide a registered office for your company as part of our Registration Agency Service. This allows for the service of routine paperwork and official correspondence from the authorities. We have facilities at our head office in Cheshire or at a prestigious London address. If you need to change this to an alternative UK address after incorporation we will prepare the necessary paperwork to do this.
A UK limited company can be set up with just one person. It must have at least one director who can also be the sole shareholder. There is no limit to the number of directors or shareholders. A company secretary is recommended for overseas clients.
A company can have any number of shareholders. There must be at least one shareholder, as a company cannot exist without a share capital. There is no limit to the number of shares that can be held by an individual.
The shareholding of a company determines its ownership, and this is usually structured very easily. If your company is to be wholly owned by yourself, you only need a single share issued in your name to begin with. Alternatively, if you wish to distribute the value of the company amongst family members or investors, 100 shares will usually give the flexibility required.
Companies House is the UK Government Agency responsible for recording the incorporation of UK companies, and maintaining public record information on all UK companies. The Registrar of Companies is the chief officer of Companies House who has the power to initiate investigations and prosecutions against directors who commit offences against the Companies Act.
