Reserving a Company Name
- An option not available with Companies House or any other firm.
BIRR offers you the chance to reserve a company name for the day you decide to go Limited.
Or Reserve a name for when you decide to expand your company, incorporate a subsidiary or affiliate or trade under a new related company name.
Maybe you are currently operating as a sole trader or a small partnership, but like everyone in business, you have plans to grow and expand.
Now imagine the disaster you would face when the day arrives that you feel the necessity to become a Limited Company and you find that the name you have been trading under for the last X amount of years is not available? Or worse still someone else is trading with that name.
Similar names are not authorised by Companies House and the laws governing this area are at the moment very strict and unclear.
Losing that business name would mean that as a Limited Company you would have to be recognised under a completely new name.
Reputation will be lost, business referrals missed and confusion and inconvenience is caused all round.
BIRR proposes a simple means of preventing this situation from ever arising.
We understand that not every firm will be looking to become incorporated immediately and although you may have no aspirations for the near future to become Limited you can never predict what lays ahead.
By reserving a company name with BIRR we will automatically lock your name with Companies House and deal with all matters on an annual basis for an annual price, ensuring the day that your business wishes to become Limited the transaction is a smooth process all round.
It is also worth noting that Companies House does not have any governing rules to stop somebody from incorporating using your currently un-incorporated business name and then trading in the same area of work as yourself or in another line of business altogether. It is also not uncommon for people to incorporate a business name and then look to sell it on at a profit or extortionate price to the company.
This service is highly recommended to sole traders, small businesses, partnerships and Limited companies with the idea of launching new products or affiliated businesses or branches.
