What is the primary purpose of a resolution to change the name of a company?

The primary purpose of a resolution to change the name of a company is to formally change the registered name of the company. This process typically involves the approval of the company's board of directors or shareholders and results in an official record of the new name being created. It is a legal requirement to ensure that the change is recognized and updated in the relevant registers maintained by authorities, such as Companies House in the UK.

Changing a company's name is significant because it can impact branding, market perception, and contracts, so having a formal resolution is essential to document and legitimize the change. The other options relate to different company actions, such as financial reporting or shareholder decisions, which are not pertinent when the focus is specifically on changing the company's name.