Changing your company’s name is an important decision that can reshape your business’s identity and brand presence. Whether you want to rebrand, reflect a new direction, or simply make your company name more relevant, the process in the UK is straightforward but requires adherence to specific rules and regulations. Here’s a detailed guide to help you through every step.
Why Might You Want to Change Your Company Name?
Businesses may choose to change their name for several reasons, including:
1. Rebranding: To align with new business goals or markets.
2. Merger or Acquisition: Reflecting the integration of businesses.
3. Correcting a Misstep: Avoiding legal or cultural misunderstandings.
4. Updating for Relevance: Keeping up with trends or modernizing the brand image.
5. Resolving Trademark Conflicts: Preventing conflicts with established brands.
Steps to Change Your Company Name in the UK
1. Check Name Availability
Before deciding on a new name, you must ensure that it is available and complies with the regulations set by Companies House. Here’s how to check:
2. Initiate the Process
3. Provide Necessary Details
- Fill out the form with your current company details and the desired new name.
- Ensure the new name complies with Companies House regulations and doesn’t infringe on existing trademarks.
4. Complete Payment
- The service fee is £69.99, which includes the Companies House fee.
- Proceed to checkout and complete the payment.
5. Receive and Sign Documents
- Within 48 hours, you’ll receive digital documents via email, including the special resolution and meeting minutes.
- Sign these documents as required.
6. Submission to Companies House
FormationsHunt will handle the submission of the signed documents to Companies House on your behalf.
7. Await Approval
Companies House typically processes name change requests within 24-72 hours, depending on their workload.
8. Confirmation of Name Change
Upon approval, you’ll receive a digital certificate of the name change via email.
9. Update Business Records
After receiving the certificate, update your bank accounts, contracts, HMRC records, and notify customers and suppliers about the change.
10. Update Business Records
After receiving approval:
- Update bank accounts, contracts, and other legal documents.
- Notify HMRC, customers, suppliers, and partners.
- Update your website, branding materials, and social media accordingly.
- Inform regulatory bodies and licensing authorities, if applicable.
Rules and Restrictions for Company Names
When choosing a new name, ensure it:
- Is Unique: It cannot be identical or too similar to an existing company’s name.
- Avoids Sensitive Words: Requires permission for words like “Royal,” “Bank,” or “International.”
- Follows Character Rules: Only allows certain special characters.
- Complies with Trademark Laws: Avoid potential disputes by ensuring the name does not infringe on existing trademarks.
How Long Does the Process Take?
- Online Filing: Typically processed within 24 hours.
- Additional Delays: If the proposed name requires approval for sensitive words, expect a longer processing time.
Costs Involved in Changing Your Company Name
Changing your company name comes with a few necessary costs. Here’s what to expect:
- Our Company Name Change Service – £69.99 (fully online, handled by experts for a smooth process).
- Legal & Administrative Updates – You may need to notify banks, suppliers, and clients about the new name, which is a necessary but self-managed process.
Why Choose FormationsHunt for Assistance?
Changing a company name can be overwhelming, especially with compliance requirements. FormationsHunt simplifies the process by:
- Conducting a name availability check.
- Handling all necessary filings with Companies House.
- Offering expert guidance throughout the process.
- Ensuring that your new name aligns with branding and legal requirements.
With our affordable and transparent pricing, we ensure your company’s name change is hassle-free and efficient. Contact us today to get started!
Frequently Asked Questions
1. Can I use any name I want?
No, the name must comply with Companies House regulations and not infringe on trademarks.
2. Will my company number change?
No, your company number remains the same even after a name change.
3. Do I need to inform HMRC?
Yes, HMRC must be notified to update your tax records. This ensures that your VAT and Corporation Tax records are accurate.
4. What happens to existing contracts?
Contracts remain valid but should be updated to reflect the new company name. Notify all parties involved.
5. Can I change my company name during insolvency proceedings?
No, you cannot change your company name if it is under insolvency or liquidation proceedings.
Changing your company name in the UK doesn’t have to be a daunting task. With the right preparation and assistance, you can successfully rebrand your business and pave the way for new opportunities. Trust FormationsHunt to make the process seamless and efficient, so you can focus on what matters most—growing your business.
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