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Trading as names & Ltd Company -
24-05-2005, 03:24 PM
I currently have 2 Ltd Companies at Companies house.
*This is made up industries* The first company does *A* for Archery Products Ltd The second company does *B* for Battered Old Books Ltd A and B have nothing to do with each other in terms of business activity, but COULD they be called (like Mr Bransons Virgin brand) under 1 name (obviously after winding one of the comapnies down, and changing the name of the other) to: Company *A* changes name from Archery Products Ltd to SUPER BRANDNAME LTD Company B is dissolved leaving: SUPERBRAND NAME LTD trading as: A) SUPER BRANDNAME Battered Old Books B) SUPER BRANDNAME Archery Products Is this possible? Reason I ask, is that I dont want to have 2 Ltd Co's, we have had fallings out and I want to make things simple. I just want 1 LTD business that can do a range of smaller activities under 1 name. I know this is NOT reccomended, as if one went bust, they all would, but in the short term, where I will not be getting into debt, but just putting money into an account from work done, thi seems the best way until I go Full Time (if ever) Anyone understand what I mean? In Simple terms - can one Ltd company trade as 2 different names? So can *Daves Company Ltd* trade in to different industries as: 1. Daves Fruit machines 2. Daves Hotdog stands Thanks |
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Re: Trading as names & Ltd Company -
24-05-2005, 06:10 PM
A limited company may have any number of different trading styles in completely different lines of business if that is what is required. You will need to make sure that the business is covered in the company's Mem & Arts but they are normally all encompassing so that shouldn't be a problem.
There may be accounting issues to be looked at if there are tax losses that you want to be carried over but there will be others here better qualified to advise on that aspect. factoring, invoice discounting, asset finance and trade finance specialist broker. Founder member of the Independent Factoring Brokers Association |
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