Public limited companies (PLCs)

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Public limited companies

  • When an LTD expands to the the point of having a share capital of more that £50,000 it can convert to a PLC. 
  • Can then be floated on the stock market 
  • Increases the company's access to share capital enabling it to expand.
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Differences between LTDs and PLCs

  • A PLC can raise capital from the general public, while a LTD is prohibited from doing so.
  • The minimum capital requirement of a public company is £50,000. There is no minimum for a private limited company.
  • Public companies must publish far more detailed accounts than private companies.
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