My client has a company, which trades under another name. So eg it is ABC Limited trading as XYZ .
The bank say they can no longer accept cheques made out to XYZ as there is another limited company called XYZ Limited. My client is well aware of this because he happens to own XYZ Limited, and it is dormant. He has explained this to the bank but they are adamant that all cheques must be made out to ABC Limited in future.
Not convinced it works, but he set things up like this to give himself privacy - so if people search on XYZ they won't see his trading accounts - I am aware - and have told him - that is is not too difficult to track back to ABC Limited (especially as he has to disclose this on letterheads etc) but this is how he likes it...
Has anyone else come across something similar and how has it been dealt with? Was there a work around?