A Private Limited Company (Ltd) is the most common company type in the UK, accounting for over 95% of all registrations. Ltd companies cannot offer shares to the public and have no minimum share capital requirement. They must have at least one director and one shareholder.
A Public Limited Company (PLC) can offer shares to the public and be listed on a stock exchange. PLCs require a minimum share capital of £50,000 (of which at least 25% must be paid up), at least two directors, and a qualified company secretary. PLCs face stricter reporting and governance requirements.
Other company types include Limited Liability Partnerships (LLPs), which combine the flexibility of partnerships with limited liability, and Community Interest Companies (CICs), designed for social enterprises. There are also unlimited companies, guarantee companies, and Scottish Limited Partnerships.
BORSCH.AI covers all company types registered with Companies House, including 5.6 million Ltd companies, approximately 6,000 PLCs, and hundreds of thousands of LLPs and other entity types.