Company name reservation service: it isn't possible to have an enterprise with the same name as another, so if you know that you want to secure a trade name within a few years or less, but are not yet ready, Coddan offers a service that ensures the reservation of corporate name online. To purchase your business name with us costs £49.99 per year. However, once you decide to trade using the reserved legal structure, we will transfer it to you for £24.99. Reserving a trading name with us is a simple process - once the payment is made, we will request your chosen name, complete the application and submit it to Companies House.
ANNUAL CHARGES £49.99
You can reserve a company name by registering a private company limited by shares in the UK. For £49.99 per year, Coddan will complete the required paperwork, submit it to Companies House and within 24 hours, your company name is reserved. Coddan will then transfer it to the owner for £24.99 once trading commences.
The following document will be sending via e-mail upon the reservation of a company name:
ANNUAL CHARGES £245.00
You can reserve a business name by setting up an unlimited company. For £245.00 per year, Coddan will complete the required forms, and submit them to Companies House, and within 15 days, the unlimited company name is reserved.
Coddan will then transfer it to the owner for £24.99 once trading or business commences. The following document will be sending by post upon the reservation of an unlimited company name:
ANNUAL CHARGES £59.99
You can reserve a business name by establishing a private company limited by guarantee. For £59.99 per year, Coddan will complete the required forms, and submit them to Companies House, and within 24 hours, the non-profit business name for a company limited by guarantee is reserved.
Coddan will then transfer a non-profit company to the owner for £24.99 once trading or business commences. The following document will be sending via e-mail upon reservation of a non-profitable business name:
ANNUAL CHARGES £195.00
You can reserve a company name by forming a public limited company. For £195.00 per year, Coddan will complete the required forms, and submit them to Companies House, and within 24 hours, the public company limited by shares name is reserved.
Coddan will then transfer a PLC to the owner for £24.99 once trading or business commences. The following document will be sending via e-mail upon reservation of a public company name:
Well-informed entrepreneurs avoid disappointment by reserving trading names early. Creating a relevant, easily understood company name is a challenging task when setting up a business. Therefore, once an appropriate name has been chosen, it should be secured to avoid losing it to another company. Coddan is a London-based consultancy that offers prospective business owners a "reserve a business name" service. For £49.99 per annum, we will complete the required paperwork, submit it to Companies House and within 24 hours, the name is reserved. Coddan will then transfer it to the entity for £24.99 once trading commences. With us, you can obtain a company name for a private company limited by shares, company limited by guarantee, public company or for an LLP.
The company name you select is an important decision. Think of Ford, Google, or Boots - all successful brands with memorable snappy names. Shorter names are not only easy for customers to remember, they also have the advantage of using less space when logos are designed and need to be implemented on stationery, signs and in advertising.
Maybe you feel a descriptive name would attract more customers. If you are a takeaway, having a name like Google is not exactly going to tell people what you offer. Pizza Perfection might have more impact. Whatever name you choose for whatever reason Coddan can protect the company name you want to trade under. We register your chosen company name with Companies House and then take care of all the statutory obligations and responsibilities of owning a limited company.
Some people find the name they would like has already been taken. However, there are ways of tackling this. For example, if the name ABC Cars Limited has already been taken, why not consider ABC Cars Import & Export (UK) Ltd.
Two things to bear in mind: Companies House is averse to registering corporate names that could be thought of as offensive; and there is a list of sensitive company-name words like "school" or "architect" for which permission from an appropriate regulatory body is required.
Coddan's "reserve a name" service is useful if you are thinking of starting your own business in the future and don't want to lose your proposed company name to someone else. It could also be important if you are trading under a business name as a sole trader or partnership, or you need a non-trading or dormant company.
The firm will then be formed within 24 hours, although most company formations are completed on the same day.
People' reasons for wanting to secure a company name are many and varied but for some they include the fact that the purchase of a company under the "reserve a name" service implies no trading of any sort is undertaken in the name you wish to obtain. That is: no significant accounting transactions will take place during the financial year until the nominee officers and shareholders have been replaced.
It is not possible to have more than one entity with the same name, so if you are thinking of starting your own business, but are not quite ready, you make sure no-one else takes the name you want by reserving that name yourself. If you are running a business as a sole trader or partnership, reserving the name makes certain that a company does not set up with the same name as your business. At Coddan, we will send you reminders - once a week for three weeks - prior to expiry each year. Failure to renew in time means the loss of the right to that company name.
Because the company or an LLP will be incorporated using our registered office address and we will act as director and shareholder you don't have to worry about the responsibilities of owning a firm. Our service includes all nominee services, registered office service and the filing of the annual return and dormant accounts each year. While we hold the company for you, you will not be able to make any changes to it. You will get a copy of the incorporation certificate for reference only.
If you no longer want the reserved name just let us know and we will take ownership of the corporation or a partnership and deal with it for you. The "obtain a business name" service is available for all types of companies: limited by shares, limited by guarantee, limited liability partnership and public company limited by shares (PLC).
You can still trade as a sole trader while using this service. It will have no impact on your existing business until you pay the entity transfer fee and the business is in your name.