Separate Legal Entities
Some shareholders find it difficult to grasp the concept that company property, assets and money belonging to the company are not the property of the shareholder(s) (often also called 'members'), even if the company in question is 100% owned by the shareholder(s).
Companies are what lawyers call 'separate legal entities'. In other words, they have their own legal identity, they can own property, enter into contracts and sue/be sued in their own right.
Each company in England and Wales is given a unique company number by Companies House and will retain (and be identified by) the same company number throughout its existence, no matter how many times the company changes its name.