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Written question asked by Nick Timothy (Conservative) on Friday, 10 October 2025, in the House of Commons. It was due for an answer on Tuesday, 14 October 2025. It was answered by Blair McDougall (Labour) on Monday, 20 October 2025 on behalf of the Department for Business and Trade.


Company Liquidations

Question

To ask the Secretary of State for Business and Trade, what recent assessment his Department has made of the practice of voluntary liquidation by companies with (a) liabilities and (b) outstanding contractual obligations that begin operations under another name.

Answer

My Department has not made these assessments. However, liquidators of an insolvent company are required to report on the conduct of its directors to the Insolvency Service, who will consider investigating potential misconduct and seek to disqualify the directors if appropriate.


Secondary information

Type
Written question
Reference
78997
Session
2024-26
Subjects
Company liquidations Billing
Link
View this Written question on www.parliament.uk