Decision

Decision on TPIM Ltd

Updated 30 September 2024

Order under the Companies Act 2006

In the matter of application No. 4689

For a change of company name of registration No. 13624172

Decision

The company name TPIM LTD has been registered since 4 December 2023 under number 13624172. Prior to this, the company was called EURO C ALLIANCE LTD from 27 November 2023; TPIM LTD from 4 July 2023 to 27 November 2023; EURO C ALLIANCE LIMITED from 20 September 2022 to 4 July 2023; LEGEND PACIFIC INTERNATIONAL LTD from 27 July 2022 to 20 September 2022; EURO C ALLIANCE LIMITED from 15 March 2022 to 27 July 2022; DEVELOPMENT AND DESIGN PARTNERS LTD from 9 February 2022 to 15 March 2022 and EURO C ALLIANCE LIMITED incorporated on 15 September 2021.

By an application filed on 29 November 2023, TRIPLE POINT INVESTMENT MANAGEMENT LLP applied for a change of name of this registration under the provisions of section 69(1) of the Companies Act 2006 (the Act).

A copy of this application was sent to the primary respondent’s registered office on 1 March 2024, in accordance with rule 3(2) of the Company Names Adjudicator Rules 2008. The copy of the application was sent by Royal Mail “Special Delivery” service and also by standard mail. On 1 March 2024, the Tribunal wrote to John Ademola Adesanya to inform them that the applicant had requested that they be joined to the proceedings. No comments were received from John Ademola Adesanya in relation to this request. On 1 May 2024, John Ademola Adesanya was joined as a co-respondent. On 1 May 2024, the parties were advised that no defence had been received to the application and so the adjudicator may treat the application as not being opposed. The parties were granted a period of 14 days to request a hearing in relation to this matter, if they so wished. The letter sent to the primary respondent by standard mail was returned “no such address”. No request for a hearing was made.

The primary respondent did not file a defence within the one month period specified by the adjudicator under rule 3(3). Rule 3(4) states:

The primary respondent, before the end of that period, shall file a counter-statement on the appropriate form, otherwise the adjudicator may treat it as not opposing the application and may make an order under section 73(1).

Under the provisions of this rule, the adjudicator may exercise discretion so as to treat the respondent as opposing the application. In this case I can see no reason to exercise such discretion and, therefore, decline to do so.

As the primary respondent has not responded to the allegations made, it is treated as not opposing the application. Therefore, in accordance with section 73(1) of the Act I make the following order:

(a) TPIM LTD shall change its name within one month of the date of this order to one that is not an offending name; ^{[footnote 1]}

(b) TPIM LTD and John Ademola Adesanya each shall:

(i) take such steps as are within their power to make, or facilitate the making, of that change;

(ii) not cause or permit any steps to be taken calculated to result in another company being registered with a name that is an offending name.

In accordance with s.73(3) of the Act, this order may be enforced in the same way as an order of the High Court or, in Scotland, the Court of Session.

In any event, if no such change is made within one month of the date of this order, I will determine a new company name as per section 73(4) of the Act and will give notice of that change under section 73(5) of the Act.

All respondents, including individual co-respondents, have a legal duty under Section 73(1)(b)(ii) of the Companies Act 2006 not to cause or permit any steps to be taken calculated to result in another company being registered with an offending name; this includes the current company. Non-compliance may result in an action being brought for contempt of court and may result in a custodial sentence.

TRIPLE POINT INVESTMENT MANAGEMENT LLP, having been successful, is entitled to a contribution towards its costs. I order TPIM LTD and John Ademola Adesanya, being jointly and severally liable, to pay TRIPLE POINT INVESTMENT MANAGEMENT LLP costs on the following basis:

Fee for application: £400
Statement of case: £200

Total: £600

This sum is to be paid within seven days of the expiry of the appeal period or within seven days of the final determination of this case if any appeal against this decision is unsuccessful.

Any notice of appeal against this decision to order a change of name must be given within one month of the date of this order. Appeal is to the High Court in England, Wales and Northern Ireland and to the Court of Session in Scotland.

The company adjudicator must be advised if an appeal is lodged, so that implementation of the order is suspended.

Dated 24 July 2024

Susan Eaves
Company Names Adjudicator

1. An “offending name” means a name that, by reason of its similarity to the name associated with the applicant in which he claims goodwill, would be likely to be the subject of a direction under section 67 (power of Secretary of State to direct change of name), or to give rise to a further application under section 69. ↩