16th February 2009, 10:55 AM
The following text is extracted from the booklet GBF2 Company Names as issued by Companies House and covers the specific circumstances in which the word 'Trust' can be used in a company name:
trust - the word 'trust' can be used to suit a range of different situations and the requirements for such trusts are explained below:
o charitable trust - these companies need to have charitable objects and a non-profit distribution clause in the memorandum of association. We will ask you for confirmation that you have made, or will make, an application for registration as a charity with the Charity Commission. Scottish companies wishing to use the expression 'charitable trust' will need to apply to HM Revenue & Customs (HMRC) in Edinburgh as the Charity Commission has no jurisdiction in Scotland.
o educational trust or artistic trust - such companies should have a non-profit distribution clause in the memorandum of association and the name should reflect the nature of the trust. The promoters should be of high standing in the field.
o enterprise trust - these companies must have a non-profit distribution clause in the memorandum of association and they must be able to provide evidence of support from, for example, local authorities, businesses or banks.
o family trust - such companies must be non-profit distributing and the objects must reflect the nature of the trust. Names of family trusts will usually be approved if the name as a whole identifies the company as a family trust.
o financial trust or investment trust - if you wish to use these expressions, you will need to provide a written assurance that substantial paid-up share capital or other funds will be achieved within a reasonable period after incorporation.
o pensions or staff trust - the names of such companies must include the name of the parent company, and the objects of the company must include the operation of pension funds.
o unit trust - if you wish to use this as part of your company name, you should seek the advice of Companies House in Cardiff or if the company is to be registered in Scotland, Companies House in Edinburgh or via our website at http://www.companieshouse.gov.uk.
I trust this is clear?
The Devil to pay and no pitch hot
trust - the word 'trust' can be used to suit a range of different situations and the requirements for such trusts are explained below:
o charitable trust - these companies need to have charitable objects and a non-profit distribution clause in the memorandum of association. We will ask you for confirmation that you have made, or will make, an application for registration as a charity with the Charity Commission. Scottish companies wishing to use the expression 'charitable trust' will need to apply to HM Revenue & Customs (HMRC) in Edinburgh as the Charity Commission has no jurisdiction in Scotland.
o educational trust or artistic trust - such companies should have a non-profit distribution clause in the memorandum of association and the name should reflect the nature of the trust. The promoters should be of high standing in the field.
o enterprise trust - these companies must have a non-profit distribution clause in the memorandum of association and they must be able to provide evidence of support from, for example, local authorities, businesses or banks.
o family trust - such companies must be non-profit distributing and the objects must reflect the nature of the trust. Names of family trusts will usually be approved if the name as a whole identifies the company as a family trust.
o financial trust or investment trust - if you wish to use these expressions, you will need to provide a written assurance that substantial paid-up share capital or other funds will be achieved within a reasonable period after incorporation.
o pensions or staff trust - the names of such companies must include the name of the parent company, and the objects of the company must include the operation of pension funds.
o unit trust - if you wish to use this as part of your company name, you should seek the advice of Companies House in Cardiff or if the company is to be registered in Scotland, Companies House in Edinburgh or via our website at http://www.companieshouse.gov.uk.
I trust this is clear?
The Devil to pay and no pitch hot