How to Re-register as a plc
A plc status can be beneficial for privately held companies as they will improve the credit status for a business and also makes it look more prestigious. A plc can be privately owned and doesn’t have to be listed on a stock exchange.
If you currently have a limited company but need a plc, you can re-register as a plc by completing a RR01 form available at Companies House and by submitting the following items:
- amended articles for a plc
- special resolution to re-register as a plc and to adopt new articles
- balance sheet
- auditor’s unqualified report and written statement
The main rule is that it needs to have £50k of share capital, of which at least £12.5k issued in cash.
The key rules are explained from section 90 onwards of the Companies Act 2006.
Please watch our short video for more details: