Checklist for re-registering as a
public company

A private company on the up may decide to convert to a public company. Our checklist and model resolution take you through the process.

Why convert?

A private company may decide that the time is right to re-register as a public company so that it can offer its shares to the public. It may be aiming for listing on a public market, or simply want more flexibility in how it markets its shares. However, public companies are subject to greater scrutiny and less flexible rules in other respects, e.g. they cannot use written resolutions and must hold AGMs, so this is a decision that must be made after careful consideration of all of the options. Public companies generally have a higher profile than private companies, but in view of the increased costs of meeting the added regulatory requirements, it is not common for a private company to convert simply for the status of having “plc” in its name.

Advice

Once you’ve decided that re-registering as a public company is the next step in your company’s development, you need to make sure that you meet all of the criteria set out in the Companies Act 2006 and follow the correct procedure.

If the application is successful, you’ll receive a certificate of incorporation on re-registration. Once issued, the company’s status has changed, and changes to its name, articles and any associated officer appointments take effect.