What are the reasons for re-registration?
Private companies usually re-register as public companies for them to be able to market their shares publicly and to request acceptance on the stock market.
For example, their reasons may include the following:
- for financial growth and development
- establishing the company’s market value
- boosting the profile of the company
- establishing a market for the shares of the company
- improving the business’ standing with suppliers and consumers
Some firms believe re-registering to get the ‘plc’ suffix improves credibility. However, this is less common, as the costs of re-registration, and the additional administrative workload for public corporations outweigh the potential benefits of obtaining a ‘plc’ name.
If you are trying to appoint a new secretary, you will need to use form AP03 and AP04 if it is a corporate secretary.
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RR01 Form Charge
£20 for re-registration request.
The processing time for this form is usually 2-3 weeks.
- Private companies can use this form to apply for re-registration as a public company.
- Private companies cannot use this form to apply for re-registration as a private unlimited company.
Address for RR01 Form
You can send form RR01 to any Companies House address.
RR01- Re-register a private limited company to a public limited company – Expanded
For a private limited company to re-register as a public limited company, the criteria is:
- It passes a special resolution
- It meets prescribed conditions;
- An application for re-registration, along with other required documents.
The legal papers required in this process are:
- One copy of the company’s special resolution to re-register as a public limited company
- A copy of the revised association articles (printed)
- A copy of a balance sheet is compiled by the auditors of the firm within seven months of the date of request.
- Written declaration by the auditor according to paragraph 92(1)(c) of the Company Act 2006.
- A copy of an unqualified report from the auditor
- Assessment report on all shares paid in their entirety or part excluding cash after the date of the balance sheet
- If no business secretary has been named, a declaration of the company secretary suggested by that company must be completed according to Section 95 of the Companies Act 2006.
- The RR01 form must be signed by the director or company secretary
Issuance of certificate
Once Companies House accepts the request for a private limited company to re-register as a public limited company, Companies House grants a certificate that represents the registered status of the company.
Once RR01 is issued:
- The corporation becomes a public enterprise
- Changes in the names and articles of the company will take effect
- The request, where it contained a declaration of the proposed secretary, is considered to have been appointed as a secretary or joint secretary of the corporations in the statement.
If there are missing or incorrect details, Companies House has the right to return forms therefore is important to check:
- The name and number of the corporation correspond to the details in the public register.
- Provide the new company name in section A2.
- Include the supporting documentation as required in section A2.
- The address of the company secretary must be a physical address.
- There is a signature on the form
- You have enclosed the £20
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