Choosing a winning company name can make a real difference to the success of your business. In addition to coming up with a company name that is memorable, has longevity and conveys meaning, it is also important that your name is legally compliant.
In this article, we set out the requirements and restrictions to consider when choosing a company name as well as the grounds on which a name can be challenged. Detailed naming rules can be found in the Companies House Incorporation and names guidance.
Choosing a name
1. Check the name is not in use
Before choosing a company name, check that it:
2. Ensure the name is acceptable
Briefly, the Registrar of Companies will not register a name if:
3. Include the appropriate ending
Subject to certain exemptions, under company law the name must:
4. Obtain approval, if required
Approval will be required from the Secretary of State (and from a regulatory body in some cases) where:
Third party challenge
Registration of a name does not guarantee that it is protected from challenge by a third party. The name can be challenged post-incorporation (or name change) for the following reasons:
For example, in 20233, the High Court upheld a Company Names Tribunal decision that AXA Wholesale Trading (incorporated in 2020) had to change its name on the grounds that it was sufficiently similar to the name of AXA, that AXA had goodwill in the registered company name and that the use of AXA’s name would be likely to mislead.
Comment
The AXA Case and this article highlight that the steps involved in choosing a company name are not necessarily straightforward and that ample time should be allowed for this so that your company name is not rejected, and does not infringe a third party’s rights.
Contact our Corporate & Commercial team if you would like advice and assistance with carrying out the steps set out in this article, the incorporation of a company, or the process of changing an existing company’s name.
1 Note that: punctuation; the company’s status; the word “the” or “www” at the start of the name; and, interchangeable words and symbols, is ignored when comparing names.
2 See SCHEDULE 1 Characters, Signs, Symbols (including Accents and other Diacritical Marks) and Punctuation of The Company, Limited Liability Partnership and Business (Names and Trading Disclosures) Regulations 2015 for a list of appropriate characters
3 AXA Wholesale Trading v AXA [2023] EWHC 1339 (Ch) (“AXA Case”)
This update is for general purposes and guidance only and does not constitute legal or professional advice. You should seek legal advice before relying on its content. Greenwoods Legal LLP is a Limited Liability Partnership, registered in England, registered number OC306912. Our registered office is Queens House, 55-56 Lincoln’s Inn Fields, London, WC2A 3LJ. A list of the members’ names is available for inspection at our offices in Peterborough, Cambridge and London. Authorised and regulated by the Solicitors Regulation Authority, SRA number 401162. Details of the Solicitors’ Codes of Conduct can be found at www.sra.org.uk. All instructions accepted by Greenwoods Legal LLP are subject to our current Terms of Business. VAT Reg No: 161 9287 89.