What's in a name... change...

Bizarrely, I happened to be watching Watchdog last night and they discussed this.  If interested you can see it here about 11mins 30secs in.   Clearly this one is an extreme example....    (I hope)!  

Ideal Engines changed and became Replacement Engines right next door, using same stock.  

yeah agree too , not that I have any staff or anything ,but if I did

The ones that really wind me up are the charity magazine scams. They get closed down or wound up, only to reopen the following week by the same people.

You can set up a Limited company in about 10 minutes online. Personally I think this is wrong. If you are going to start a business, you will have done more than 10 minutes worth of research and planning, so why not have a more rigorous process to start a business.

Can you fund it, do you have a realistic business plan, have you had any director responsibility with a company that previously folded etc etc. 

Limited liability is a useful structure, letting people learn from mistakes and trying again. There are scores of successful and profitable businesses that started with a few bumps in the road. But I think the system has been abused for too long by the unethical and corrupt

A simple safeguard would be using NI number against Directors, then giving each director a reference number against the quantity of companies they've liquidated (Over say 2).

Huge difference between a company not working, so you wind it up, and being on the seventh company doing the same thing, accumulating debt...