Dissolved companies are no longer in existence so the names of dissolved companies can be registered by a new company. There are no legal restrictions in place when choosing such a name, aside from the standard rules and regulations dictating all company names.
You should note, however, you cannot use another company’s name when the company is still in the process of being struck off. Only when the dissolution procedure has been completed, and the company removed from the register, can the name be used again.
One important point you should consider, however, is the reputation of the business that previously traded under the name you want to use.
If the dissolved company was well-known and provided less than satisfactory services or products, you may want to choose a different name for fear of being mistaken for or associated with the dissolved company, or being pursued by scorned creditors and customers.
Research the dissolved company
Although your business will be issued with a different company registration number (CRN) and will in no way be legally associated with the dissolved company, the name may have negative consequences for your new business and affect the way it is viewed.
You should consider accessing the last set of accounts of any dissolved company whose name you are thinking about using – this information is available from Companies House.
You may want to carry out a credit check on the dissolved company to determine whether it had any County Court Judgements (CCJs). An Internet search of the previous company would also be a good idea to see if anything questionable comes up in the results.
On the flip side, if the dissolved company had a great reputation, this could be beneficial for your new business. It might attract the attention of potential consumers. And if you deliver excellent service and products to satisfy these customers, your business could flourish through positive association.
Registering a dissolved company name
The registration process is exactly the same as registering a company with a name that has never been used. You can carry out a name-availability search using a company formation agent’s online name-check facility (see below). If the company name is available and permitted for use, you can proceed to the application process to set up a company.
Rapid Formations’ free name-check tool offers the same level of sophistication as WebCHeck, and you will be immediately alerted if your company name is unavailable.
Our company formation packages are available for companies limited by shares or guarantee and Limited Liability Partnerships from £12.99 plus VAT. The registration process will be carried out online with no documents to sign, and your new business should be incorporated with Companies House within 3 hours and ready-to-trade immediately.