Written question asked by Jonathan Hinder (Labour) on Thursday, 14 May 2026, in the House of Commons. It was due for an answer on Monday, 18 May 2026. It was answered by Blair McDougall (Labour) on Thursday, 21 May 2026 on behalf of the Department for Business and Trade.
Companies: Insolvency
- Question
-
To ask the Secretary of State for Business and Trade, whether he plans to prevent the directors of companies which become insolvent during their directorship from setting up more companies.
- Answer
-
It is important to remember that most companies do not become insolvent due to wrongdoing. Directors of an insolvent company can run similar businesses unless they are disqualified or subject to restrictions. Where directors abuse the system, the Secretary of State has powers to investigate and, if appropriate, pursue their disqualification or prosecution of the relevant directors.
Companies House and The Insolvency Service are currently strengthening their intelligence sharing to better identify rogue directors.
The Government continually reviews corporate and insolvency laws.
Secondary information
- Type
- Written question
- Reference
- 1376
- Session
- 2026-27
- Subjects
- Companies Directors Insolvency Regulation
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2026-05-21 15:30:23 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2026-27/1376
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2026-27/1376
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/commons/2026-27/1376