Restrictions

ReusingA aprohibited company name is prohibitedthe andcompany’s subjectregistered toname, specificany restrictions:
reusetrading ofnames companyit used or any similar name

You cannotthat dosuggests anyan ofassociation with the followingliquidated forcompany. 

For 5 years afterfollowing the liquidation ofyou themust insolvent company:not:

• be a director of a company knownthat byuses a prohibited name
• betake involvedpart in the promotion, formation or management of a company withthat has a prohibited name
• carry on, or be involved in the carrying on ofof, a business withthat uses a prohibited name

Reusing an insolvent company name

The restrictions apply when a company is wound up:

• by the court (compulsory liquidation)
• voluntarily (creditors voluntary liquidation)

If you break these restrictions, you canmay be:

• made personally liable for the debts incurred by the company during the breach
• prosecuted and/or
• disqualified from acting as a company director

The restrictions apply to any director,director formallywho appointedwas or not, involved with the company forin upthe to 12 months before itsit liquidation. Theyentered includeliquidation, thewhether company’sor registerednot namethey andwere anyformally trading names it may have used.appointed.

Exceptions

These restrictions do not apply unless:if:

• you have permission from the courtcourt’s permission to use the name
• the business, including the name, is soldpurchased duringfrom liquidationa liquidator, administrator or the supervisor of a company voluntary arrangement (CVA) and you have notifiedgiven the courtrequired legal notices
• the company you’re involved with has been trading using the same name as the liquidated company for at least one12 yearmonths before the liquidation

Seek independent professional advice if you are:you:

• are or have been a director of a company that has gone into liquidation and
• are involved inwith, or planning to start, a company or business that hasuses the same name
• consideringor starting a companysimilar with the same namename 

Read more information on the the reuse of company name.

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