November 22, 2017
Public limited companies (PLCs) are a type of company in the UK. They are limited liability companies, whose shares may be freely traded and sold to the public. These companies usually have the letters plc after their names.
The shares of a plc may be privately held instead of being traded to the public – in this case the shares are often held by another plc. PLCs must have a minimum share capital of £50,000. PLCs can be listed or unlisted on stock exchanges.
The formation of a public limited company in the UK requires at least two directors and one secretary. These people must be aged 16 or over, not bankrupt, and if they are over 70 they must fit special requirements.