It's against the law to register a company name containing binary characters
twitter.com
twitter.com
Sounds like an applicant trying to be too clever for fun (and tweeting opportunities) versus a civil servant who did not understand anything the IT-minded guy in the office told them ("this is binary code for 'Don't panic'" or something like that and they thought that meant hackers were planning a terrorist attack...)
And cut out the middle man?
https://find-and-update.company-information.service.gov.uk/c...
Companies House did the right thing.
I'd say that if "no company names which can be executed" is a thing, then this name is surely problematic: https://find-and-update.company-information.service.gov.uk/c... ?