A limited company can change its company name. This can be done by passing a special resolution with a majority of the shareholders’ vote for the change.
At the same time, you must make an application of change of company name with Companies House. Correspondingly, you submit a copy of the signed special resolution and a copy of the amended memorandum and articles to Companies House.
On the other hand, if your company name change is urgent. Then, you may opt for the same day name change service with Companies House. In this circumstance, you must deliver your documents to Companies House before 3 pm on the day.
Restrictions on company names
There are restrictions on the use of certain words and expression in a limited company name. Thus, the uses of specific sensitive words would require prior consent from the Secretary of State for Trade and Industry.
For example, if you would like to use the word, Accredited, in your company name. Then your company must obtain formal approval from the relevant governing body prior to submitting your application to change your company name. This is because the use of the word “accredited” in your company name implies your company is pre-eminent in the field or has a particular status or specific function.
The Registrar of Companies will process your application and if your desired company name meets the Companies Act requirement and it is available for registration. Consequently, Companies House will issue your certificate on change of name on the same day.
You may change your company name with Companies House. Accordingly, you must complete the change company name forms to change your existing company name to a new name. In addition, you must also send in your special or written resolutions or court orders plus the statutory fee payable to Companies House.
Companies House would reject incorrect or incomplete forms. Click here for the common errors made by applicants when writing their company names on the Companies House forms.
Thereafter, Companies House will check your desired new company name availability whether it is available for registration. Universally, there is a restriction on the use of certain sensitive and reserved words in your company name. For example, if you are to use a sensitive word such as “accredited” in your company name. Then, you must obtain formal approval from the Department for Business, Energy and Industrial Strategy (BEIS) Standards and Accreditation team.
If everything is in order, they will issue the certificate of change of name then your new company name become official.
Generally, you may change your company name with Companies House yourself. However, it is highly recommended you seek accountants advice If you are not familiar with the change of name procedure.