What is the difference between a limited company and a plc?
PLC is a public limited company and a limited company is a private limited company. Private limited companies are much more common than public limited companies.
A plc may be listed on the Stock Exchange or the Unlisted Securities Market but does not have to be. A private limited company cannot be listed.
Before it can start to trade, a plc must have at least £50,000 worth of shares issued and at least 25% of the value must have been paid. A private limited company can have just one share issued.
