The only disadvantage is having to file accounts with Companies House every year. Other than that there are some positive advantages.
There are various disadvantages of being a public limited company, they include; high cost of running, regular public inspections, greedy shareholders who have no company's interest at heart, lack of proper control because of many shareholders and difficulty in making decisions.
The minute you are a limited company, you are public which means you must abide by certain rules and regulations and have regular inspections. This also comes into play when it comes to employment.
reducing personal risk against business liabilities
What are the disadvantages of a limited company?.
