One of your competitors has just become a plc and your MD is worried that this will make it look more attractive to customers. How easy would it be for your company to become a plc too?
It is relatively simple to convert to an unlisted plc but the company will need £50,000 of share capital to do so. You'll also need audited accounts both initially and on an on-going basis which could cost upwards of £5,000 p.a.
If this is something that you would like further information please do not hesitate in contacting me.