Tel 0845
Online Accounting – Online Book Keeping – Online Payroll
Knowledge Base

Difference between a Public and Private Company

Public Companies are able to offer their shares for sale to the public and must have an authorised minimum share capital of £50,000, but in order to commence trading, at least one quarter of its nominal share value and the whole of any premium must be paid up. As soon as Companies House is satisfied that this criteria has been met an additional Certificate is issued allowing the Company to commence trading. Private Companies, on the other hand, are prohibited from offering their shares to the public, and the directors are normally empowered to decline to register any share transfers to persons of whom they do not approve. Private Companies need only have a single shareholder, and can commence trading immediately after incorporation.

Disclaimer

The content and advice is for information only. Last updated 26.07.2009.

For up to date information and advice, based on your specific circumstances, please contact us.

We cannot be held responsible for actions taken with reference to the content contained on this website.

 


Get a Quote

Sign Up!

I switched from my conventional accountant so I could access my accounts on a 24/7 basis and my accountancy bill has reduced from over £6,000.00 to just £1896.00. The staff at Net Accounting are so helpful and I have absolutely no complaints. I look forward to dealing with Net Accounting for many years to come.

Churston Finance Ltd

Take a Tour