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 £119.99 +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 £259.99. Therefore, at a package price of £119.99, you will enjoy a saving of £140.00 +VAT.
Your new company will usually be formed within 3 to 6 working 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 £12.00 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.
It is a legal requirement to submit a Confirmation Statement to Companies House at least once each year, keeping them informed and up-to-date with your latest company details.
The Confirmation Statement is basically a snapshot of general information about your company on the date of filing the Statement. It includes details of the company’s principal business activity, directors (and company secretary if applicable), the registered office, share capital, shareholdings and people with significant control.
An experienced member of our staff will prepare and submit your Confirmation Statement to Companies House before the due date, ensuring this will be done on time and with total accuracy.
The Confirmation Statement should not be confused with the annual accounts, which are financial documents, usually prepared by an accountant.
Please note: This includes the Companies House filing fee.
This service is renewable every 12 months for £44.99 (which includes the Companies House filing fee). Notice will always be given in advance of your renewal date, and you will be able to cancel the service.
Allow our highly trained staff to handle the formalities of your VAT registration.
If your turnover is expected to exceed £85,000 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 £85,000 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.
You will be provided with your own regional or London 020 telephone number, which will be free for the first 12 months (excluding call charges).
This number can be placed on your company’s website, stationery and advertising etc, and we will forward all calls received to this number to your landline handset or mobile phone, for you to answer.
Forwarded calls will be charged at BT’s Standard Rates.
This service is free (excl. call charges) for the first 12 months, and then will automatically renew every year at a cost of £59.99 +VAT.
Notice will always be given in advance of your renewal date and you will be able to cancel the service.
Add a business bank account to one of our packages and get up to 12 months’ of free business banking.
Fully Inclusive a simple online application form for your chosen bank and we will prepare your application and send it directly to your bank, as part of your order. Our current banking partners are:
Barclays: 12 months’ of free business banking.
NatWest: Bank whenever it suits you, using simple online and App banking.
Mettle: Add receipts to transactions via an App.
Cashplus: No credit checks, with Mastercard Business card.
Tide: Comes with accounting and invoicing integration via an App.
Monzo: Free UK bank transfers, instant spending notifications, Pots for separating your money, and more.
ANNA: Create and chase invoices, and calculate your tax owed to HMRC via this cutting-edge online banking solution.
Please note: This offer is only available to companies with UK resident directors and shareholders. Companies with overseas directors and shareholders are not eligible for this offer. Account openings 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.
« 1st Formations had the most useful and competitive packages and their ordering process seemed so much easier than incorporating directly with Companies House. »
