Is there any reason an active company, which is no longer trading, change it's name and business activity. I mean a 'chalk and cheese' change, where the new business would have no correlation to the original company?
I've been asked by a client (owner/director) since the company currently owes him a considerable amount (all recorded in the DLA). His thoughts are if he can change the company and make it turn a profit then he can get back the money he loaned to the company.
I'm aware a company can change it's name by notifying Companies house. And the company's business activity can be amended on the next Confirmation statement. But is there any legal reason a long standing company (incorporated over 10 years ago) cannot makes such changes?
Replies (2)
Please login or register to join the discussion.
Separate trades, so in the change over year two P&Ls and one B.S.
You'll not be able to carry forward any losses from Trade 1 to set against Trade 2.
Aside from which, good to go.