Ltd company change name plus trade?

Can an active company change it's name and business activity at the same time?

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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?

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By I'msorryIhaven'taclue
16th Jan 2022 15:43

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.

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By Paul Crowley
16th Jan 2022 17:07

Agree
Losses are the only issue. New profits are taxable if a new different trade

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