Email David Kirk direct by clicking on his name.

After Insolvency & Liquidation Can I Re-Use The Same or Similar Company Name?

The quick answer

The quick answer is no, you can not normally use the same or similar company name and you will not be able to for five years following the liquidation of the company. However there are some exemptions discussed below.

In more detail

There are three main exceptions to be able to re-use the same or similar trading name and these are:

  1. If you have a second limited company with a similar name that has been trading for at least 12 months prior to the liquidation. A good example would be another company within a group.
  2. If you buy all or substantially all of the assets from the liquidator then you can re-use the name or similar name if you: a) place an advert in the London Gazette (costs about £80) and b) write to all creditors within 28 days. Often clients ask a solicitor to deal with this.
  3. You can apply to Court to re-use the name but only have seven days following the liquidation (it can be done in advance though).

If you fail to comply with the rules then the penalties are a possible fine, imprisonment, personal liability for the new company debts and an increased chance of being disqualified as a director.

There is no restriction on re-using a name if your company goes into Administration and then dissolution. 

It is worth noting these rules are from Section 216 of the Insolvency Act 1986.

tip

If you need insolvency advice the earlier you talk to someone like us the better as you will have more options. We can help, contact us today.

More questions in this section

Author: David Kirk - ACA FABRP
Everything you need can be done online.
No need to meet anyone in person.
We cover all of England and Wales.
Just a quick email to say a heartfelt thank you for your very calm, considered, expert advice regarding my circumstances on Tuesday. Things looked bleak before you explained my options much more clearly, in simple layman’s terms.
Rob Elliott (14th December 2021)

Menu

Newsletter

Sign up to our newsletter

Request a callback

Simply fill out the short form below and I will get back to you.

David Kirk Portrait

David Kirk

Licensed Insolvency Practitioner