Moratoria, Prohibited Names and Other: Re-use of a Prohibited Name
NOTICE TO THE CREDITORS OF AN INSOLVENT COMPANY OF THE RE-USE OF A PROHIBITED NAME
RULE 22.4 OF THE INSOLVENCY (ENGLAND AND WALES) RULES 2016
ACTIVE INSPIRATION TECHNOLOGIES LIMITED
07586131Trading Name: Fuell
Registered office: The Union Building, 5th Floor, 51-59 Rose Lane, Norwich NR1 1BY
Principal trading address: 42 Upper Berkeley Street, London W1H 5PW
On 26 February 2020 the above named company went into insolvent liquidation.
I, JOHN STUART, of Active Inspiration Technologies Limited, was a director of the above named company during the 12 months ending with the day before it went into liquidation.
I give notice that it is my intention to act in one or more of the ways specified in section 216(3) of the Insolvency Act 1986 in connection with or for the purposes of carrying on of the whole or substantially the whole of the business of the insolvency company under the following name: Fuell Limited trading as "Fuell".
I would not otherwise be permitted to undertake these activities without the leave of the court or the application of an exception created by Rules made under the Insolvency Act 1986.
Breach of the prohibition created by section 216 of the Insolvency Act 1986 is a criminal offence.
RULE 22.5 - Statement as to the effect of the notice under Rule 22.4(2).
Section 216(3) of the Insolvency Act 1986 lists the activities that a director of a company that has gone into insolvent liquidation may not undertake unless the court gives permission or there is an exception in the Insolvency Rules made under the Insolvency Act 1986. This includes the exceptions in Part 22 of the Insolvency (England and Wales) Rules 2016. These activities are:-
(a) acting as a director of another company that is known by a name which is either the same as a name used by the insolvency company that is known by a name which is either the same as a name used by the insolvent company in the 12 months before it entered into liquidation or is so similar as to suggest an association with that company
(b) directly or indirectly being concerned or taking part in the promotion, formation or management of any such company.
(c) directly or indirectly being concerned in the carrying on of a business otherwise than through a company under a name of the kind mentioned in (a) above.
This notice is given under Rule 22.4 of the Insolvency (England and Wales) Rules 2016 where the business of a company which is or may go into insolvent liquidation is or is to be carried on otherwise than by the company in liquidation with the involvement of a director of that company and under the name or a similar name to that of the company.
The purpose of giving this notice is to permit the director to act in these circumstances where the company enters (or has entered) into insolvent liquidation without the director committing a criminal offence and in the case of the carrying on of the business through another company, being personally liable for that company's debts.
Notice may be given where the person giving the notice is already the director of a company which proposes to adopt a prohibited name.
