Written question asked by Emily Thornberry (Labour) on Wednesday, 18 October 2023, in the House of Commons. It was due for an answer on Friday, 20 October 2023. It was answered by Kevin Hollinrake (Conservative) on Tuesday, 24 October 2023 on behalf of the Department for Business and Trade.
Carillion: Insolvency
- Question
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To ask the Secretary of State for Business and Trade, what estimate she has made of the total costs incurred since January 2021 by (a) her Department and (b) the Insolvency Service in pursuing the disqualification proceedings dropped in October 2023 against five former board members of Carillion Construction Ltd.
- Answer
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The Insolvency Service conducts directors disqualification proceedings under the Company Directors Disqualification Act 1986 on behalf of the Secretary of State for Business and Trade.
On the 12th of January 2021 the Insolvency Service commenced disqualification proceedings against 3 executive directors and 5 non-executive directors of Carillion plc. The Department for Business and Trade has not incurred any costs in relation to the proceedings. The Insolvency Service has incurred estimated costs in the proceedings against all 8 directors of £11,064,519. Following the successful disqualification of the 3 executive directors, costs of £2,725,000 have been recovered.
Secondary information
- Type
- Written question
- Reference
- 203243
- Session
- 2022-23
- Subjects
- Costs Disqualification Insolvency Managers Carillion
- Contains statistics
- Yes
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2023-10-25 10:09:29 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2022-23/203243
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2022-23/203243
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/commons/2022-23/203243