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As I understand it Greg, it is in the stage where the Directors have filled for the company to cease existence but there is a period of time before that happens to allow any creditors to come forward before it is finally struck off completely and available again, providing there are no disputed outstanding issues.
Only concern with taking a previously used name, is you could find yourself getting unwanted contact from the old companies customers/ suppliers.
Sorry, bit pushed for time...hope that makes some sense.
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