Registering a vehicle in a LTD company name

Post Reply
anotherdayinparadise
Posts: 71
Joined: 08 Jun 2016 11:11

#1 Registering a vehicle in a LTD company name

Post by anotherdayinparadise » 09 May 2017 09:18

Hiya whats the actual procedure of registering a car in a LTD company name please?

Is it simply just to set up a LTD company and register it using the V5 or did someone mention a while ago that I need to enter the vehicle into the article of memorandum to protect it?

Please advise

Thanks

User avatar
Schedule 12
Posts: 13234
Joined: 30 Jul 2012 21:23
Location: London WC2
Contact:

#2 Re: Registering a vehicle in a LTD company name

Post by Schedule 12 » 09 May 2017 09:55

Set up the company: https://www.gov.uk/limited-company-formation/setting-up

Change the V5 to the Ltd company

This must be done BEFORE the date of any warrants issued to the name of the current owner.

Bear in mind that subsequent PCN's will be in the name of the company and you must complete the NTO
Run this Checklist. If no joy, then we'll fix it
Author: dealingwithbailiffs.co.uk

anotherdayinparadise
Posts: 71
Joined: 08 Jun 2016 11:11

#3 Re: Registering a vehicle in a LTD company name

Post by anotherdayinparadise » 09 May 2017 10:05

Thanks for your time in answering this Jason, can you be more specific about completing the NTO, for what reason and complete it saying what..

Excuse my ignorance

Thanks

User avatar
Schedule 12
Posts: 13234
Joined: 30 Jul 2012 21:23
Location: London WC2
Contact:

#4 Re: Registering a vehicle in a LTD company name

Post by Schedule 12 » 09 May 2017 11:15

The NTO is a Notice to Owner.

If you get a ticket, the company will receive an NTO and a director must name the driver. The driver does not own the car so the car is safe.

Taxi and courier drivers do this to protect their livelihoods.
Run this Checklist. If no joy, then we'll fix it
Author: dealingwithbailiffs.co.uk

anotherdayinparadise
Posts: 71
Joined: 08 Jun 2016 11:11

#5 Re: Registering a vehicle in a LTD company name

Post by anotherdayinparadise » 13 May 2017 15:48

Thanks Jason

I recently heard a bailiff quote "They will clamp cars and say they will take it but unless its newer than 2008 they won't as won't get clearance from the court to take it"

Is that correct

Many thanks

User avatar
Schedule 12
Posts: 13234
Joined: 30 Jul 2012 21:23
Location: London WC2
Contact:

#6 Re: Registering a vehicle in a LTD company name

Post by Schedule 12 » 13 May 2017 21:21

Rubbish.
Run this Checklist. If no joy, then we'll fix it
Author: dealingwithbailiffs.co.uk

anotherdayinparadise
Posts: 71
Joined: 08 Jun 2016 11:11

#7 Re: Registering a vehicle in a LTD company name

Post by anotherdayinparadise » 23 May 2017 07:34

Morning, Ok I am just about to do this and wondered if any other bits and pieces I need to do.

Does the LTD company have to be registered at an address away from the one the vehicle is registered at i.e a service address and with protecting the name of the director(s) or can I just simply register a LTD company at an address and that will suffice.

Apologies for all the questions but I need to make sure this is right

Thanks in advance

User avatar
Schedule 12
Posts: 13234
Joined: 30 Jul 2012 21:23
Location: London WC2
Contact:

#8 Re: Registering a vehicle in a LTD company name

Post by Schedule 12 » 23 May 2017 12:12

Can be the same address. Make sure the car is in the memorandum of articles, and if the bailiff takes control of it, the director can interpleader and recover his solicitor's fees. You must be 100% certain the car is owned by the company BEFORE the PCN warrant is applied for.

I know that Larnyou's car in Larnyou v Croydon was bought before the warrant was issued for the previous keeper, but the judge went behind it after being persuaded the sale was a "sham" to escape a previous keeper's parking ticket. Larnyou could have appealed because the judge was not entitled to go behind Paragraph 4 of Schedule 12 of the Tribunals Courts and Enforcement Act 2007. (error of law). Larnyou satisfied all five grounds proving he owned the car. Bill of Sale, a flow of money, V5, Insurance, tax, evidence of use in his business etc. The judge, (a deputy district judge) got around all of that and disregarded the facts as well. (error of facts). Larnyou did not appeal.

Never say never.
Run this Checklist. If no joy, then we'll fix it
Author: dealingwithbailiffs.co.uk

Post Reply