Can you start a new business after liquidation?

A common question by directors and business owners after a limited company has been liquidated is, can they start again? It is possible for directors of an insolvent limited company to start a new business after liquidation, particularly if the new business is going to be trading under a different name or trade. However, if the intention is to use a similar name or trade to the liquidated company, there are several restrictions and legalities that need to be considered.