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My Hon Friend the Parliamentary Under-Secretary of State (Minister for Small Business and Economic Transformation) (Blair McDougall MP) has today made the following statement.
The Insolvency Service is the Government agency that delivers public services to those affected by financial distress or failure by providing frameworks to deal with insolvency and...
My Hon Friend the Parliamentary Under-Secretary of State (Minister for Small Business and Economic Transformation) (Blair McDougall MP) has today made the following statement.
The Insolvency Service is the Government agency that delivers public services to those affected by financial distress or failure by providing frameworks to deal with insolvency and...
The Insolvency Service is the Government agency that delivers public services to those affected by financial distress or failure by providing frameworks to deal with insolvency and the financial misconduct that sometimes accompanies or leads to it.
The Insolvency Service plays a key role underpinning confidence in our financial markets: maximising...
The Insolvency Service is the Government agency that delivers public services to those affected by financial distress or failure by providing frameworks to deal with insolvency and the financial misconduct that sometimes accompanies or leads to it.
The Insolvency Service plays a key role underpinning confidence in our financial markets: maximising...
To ask the Secretary of State for Business and Trade, what are the powers of (a) the Secretary of State, (b) Insolvency Service and (c) Insolvency Practitioners to request that corporate electronic communications held by a company in administration are retained where there is a wider public interest that such...
To ask the Secretary of State for Business and Trade, what are the powers of (a) the Secretary of State, (b) Insolvency Service and (c) Insolvency Practitioners to request that corporate electronic communications held by a company in administration are retained where there is a wider public interest that such...
Insolvency office-holders, including administrators, are responsible for securing a company's records upon their appointment. The Insolvency Service, acting on behalf of the Secretary of State, may request relevant records are retained where it is conducting investigations or legal proceedings into the company and its directors, where this is in the public interest to do so. There is no general power under insolvency law to request retention of a company's electronic communications solely on wider public interest grounds.
To ask the Secretary of State for Business and Trade, what assessment his Department has made of the adequacy of the safeguards in the Insolvency Rules 2016 against the misuse of insolvency proceedings as an instrument of economic abuse or coercive control against a victim of domestic abuse.
To ask the Secretary of State for Business and Trade, what assessment his Department has made of the adequacy of the safeguards in the Insolvency Rules 2016 against the misuse of insolvency proceedings as an instrument of economic abuse or coercive control against a victim of domestic abuse.
Insolvency proceedings are a regulated process designed to protect both debtors and creditors.
An individual can only be declared bankrupt by a court order following the presentation of a bankruptcy petition. The process is overseen by the court through the appointment of an Official Receiver or an Insolvency Practitioner (IP) acting as trustee.
Individual Voluntary Arrangements (IVAs) are supervised by licensed IPs, while applications for Debt Relief Orders (DROs) can only be submitted through an authorised debt adviser.
A review of the Insolvency Rules is currently underway, and we will be gathering stakeholder views across a range of areas.
To ask the Secretary of State for Business and Trade, what steps the Insolvency Service is taking to (a) identify and (b) respond to cases in which (i) statutory demands and (ii) bankruptcy petitions are used as an instrument of economic abuse or coercive control against a victim of domestic...
To ask the Secretary of State for Business and Trade, what steps the Insolvency Service is taking to (a) identify and (b) respond to cases in which (i) statutory demands and (ii) bankruptcy petitions are used as an instrument of economic abuse or coercive control against a victim of domestic...
Bankruptcy is generally considered a last resort due to its serious financial and legal consequences, but can also provide a route out of problem debt for vulnerable debtors. Creditors presenting a bankruptcy petition to the courts must meet strict requirements, including a hearing before a judge who will assess the fairness of making the order.
Persons At Risk of Violence orders provide a way to protect abuse survivors where disclosing an individual’s address could lead to violence.
A review of the Personal Insolvency regime is underway, with a forthcoming consultation to gather stakeholder views.
To ask the Secretary of State for Business and Trade, how many advance notifications of redundancy were received by the Insolvency Service's Redundancy Payments Service in each financial year from 2019-20 to 2025-26 by (a) 20 to 50 proposed redundancies, (b) 51 to 100 proposed redundancies, (c) 101 to 250...
To ask the Secretary of State for Business and Trade, how many advance notifications of redundancy were received by the Insolvency Service's Redundancy Payments Service in each financial year from 2019-20 to 2025-26 by (a) 20 to 50 proposed redundancies, (b) 51 to 100 proposed redundancies, (c) 101 to 250...
Please see ‘advanced notifications of redundancy’ received by the Redundancy Payments Service for the requested Period.
Financial Year / Advance Notice of Redundancy | 20-50 | 51-100 | 101-250 | 250+ |
2019-2020 | 2,174 | 777 | 420 | 153 |
2020-2021 | 6,989 | 2,127 | 866 | 358 |
2021-2022 | 1,740 | 581 | 235 | 96 |
2022-2023 | 2,170 | 689 | 316 | 90 |
2023-2024 | 2,631 | 923 | 441 | 132 |
2024-2025 | 2,839 | 897 | 372 | 113 |
2025-2026 | 2,919 | 992 | 494 | 159 |
To ask the Secretary of State for Business and Trade, since the Economic Crime and Corporate Transparency Act 2023 came into force, how many companies have been (a) investigated by Companies House for filing dormant accounts whilst conducting active trading, (b) referred by Companies House to HMRC for suspected VAT...
To ask the Secretary of State for Business and Trade, since the Economic Crime and Corporate Transparency Act 2023 came into force, how many companies have been (a) investigated by Companies House for filing dormant accounts whilst conducting active trading, (b) referred by Companies House to HMRC for suspected VAT...
Companies House does not hold data that matches the specified categories requested. However, since the introduction of the Economic Crime and Corporate Transparency Act 2023, intelligence led targeted activity has been used to identify companies filing dormant accounts where indicators suggest active trading.
Furthermore, Companies House also works closely with HMRC and the Insolvency Service to enable effective intelligence sharing and coordinated enforcement action. Referrals to HMRC span multiple tax regimes, including VAT non-compliance, while referrals to the Insolvency Service typically focus on more serious misconduct, such as false filings, which supports disqualification and wider enforcement outcomes.
To ask the Secretary of State for Business and Trade, what assessment his Department has made of the effectiveness of the Insolvency Service in tackling fraudulent business practices.
To ask the Secretary of State for Business and Trade, what assessment his Department has made of the effectiveness of the Insolvency Service in tackling fraudulent business practices.
The Insolvency Service plays a key part in tackling fraudulent business practices. The agency has established the systems needed to investigate offences introduced by the Economic Crime and Corporate Transparency Act 2023 and is strengthening its partnership with Companies House to improve corporate transparency, support the business environment and tackle economic crime.
The agency has continued to achieve significant enforcement outcomes in 2025-26, including the disqualification of over 1,000 directors, 77 criminal convictions and 52 companies wound-up in the public interest. Civil compensation orders and undertakings totalled £4,548,018, while criminal sentence confiscation orders totalled £1,901,579.
To ask the Secretary of State for Business and Trade, whether the Insolvency Service and its nominated receiver are taking to ensure the retention of emails held by Global Counsel.
To ask the Secretary of State for Business and Trade, whether the Insolvency Service and its nominated receiver are taking to ensure the retention of emails held by Global Counsel.
When a company enters administration, independent Insolvency Practitioners take control of its business and property. Administrators are responsible for securing and reviewing company records to understand the company’s affairs and carry out the administration. Within three months, administrators must submit a directors’ conduct report to the Insolvency Service. If an investigation is warranted, the Insolvency Service will obtain records from the administrators.
The enforcement activities of the Insolvency Service - tackling economic crime, disqualifying directors for corporate misconduct and the winding-up of companies in public interest - serve to protect market integrity. This, in turn, fosters economic growth by maintaining a trustworthy environment conducive to investment and entrepreneurship.
A robust corporate enforcement...
The enforcement activities of the Insolvency Service - tackling economic crime, disqualifying directors for corporate misconduct and the winding-up of companies in public interest - serve to protect market integrity. This, in turn, fosters economic growth by maintaining a trustworthy environment conducive to investment and entrepreneurship.
A robust corporate enforcement...
My hon Friend the Minister for Small Business and Economic Transformation (Blair McDougall MP) has today made the following statement.
The enforcement activities of the Insolvency Service - tackling economic crime, disqualifying directors for corporate misconduct and the winding-up of companies in public interest - serve to protect market integrity. This,...
My hon Friend the Minister for Small Business and Economic Transformation (Blair McDougall MP) has today made the following statement.
The enforcement activities of the Insolvency Service - tackling economic crime, disqualifying directors for corporate misconduct and the winding-up of companies in public interest - serve to protect market integrity. This,...
To ask the Secretary of State for Business and Trade, pursuant to the Answer of 12 February 2026 to Question 111867, whether he will make an assessment of the level of compliance by the Insolvency Service with Net Zero, sustainability and climate related disclosure requirements, including adherence to the Taskforce...
To ask the Secretary of State for Business and Trade, pursuant to the Answer of 12 February 2026 to Question 111867, whether he will make an assessment of the level of compliance by the Insolvency Service with Net Zero, sustainability and climate related disclosure requirements, including adherence to the Taskforce...
The Insolvency Service’s Annual Report and Accounts have included Greening Government Commitments disclosures since 2012 and, more recently the Taskforce on Climate related Financial Disclosures (TCFD). These are requirements are set out in HMT’s Financial Reporting Manual.
The Annual Report and Accounts are also subject to external audit by National Audit Office, whose work includes an assessment of compliance with TCFD and Greening disclosures.
To ask the Secretary of State for Business and Trade, pursuant to the Answer of 30 January 2026 to Question 107769, what estimate he has made to the Insolvency Service of compliance with Net Zero, sustainability and climate-related disclosure requirements.
To ask the Secretary of State for Business and Trade, pursuant to the Answer of 30 January 2026 to Question 107769, what estimate he has made to the Insolvency Service of compliance with Net Zero, sustainability and climate-related disclosure requirements.
I have made no such assessment, however the Insolvency Service’s total emissions have been reported in the Agency’s Annual Report and Accounts since 2012/13. Progress on wider sustainability requirements is reported quarterly to the Department for Business and Trade through the Agency’s Greening Government Commitment (GGC) returns. The Agency adheres to the Greening Government Commitments and the Taskforce on Climate Related Financial Disclosures (TCFD) guidance.
To ask the Secretary of State for Business and Trade, what the cost to the Insolvency Service was of Net Zero, sustainability or climate-related policies in 2024–25, including changes to operational practice, reporting and staff roles.
To ask the Secretary of State for Business and Trade, what the cost to the Insolvency Service was of Net Zero, sustainability or climate-related policies in 2024–25, including changes to operational practice, reporting and staff roles.
During 2024–25, the costs associated with supporting the Government’s Net Zero, sustainability and climate related policies were £196,065.88. These were primarily related to staff time delivering mandatory disclosures and requirements including Greening Government Commitments and the Task Force on Climate-Related Financial Disclosures. This figure comprises of staff salary costs and other costs associated with the online legal register, professional memberships and sustainability training. No direct expenditure was incurred on sustainability initiatives.
To ask the Secretary of State for Business and Trade, for what reason (a) the number of staff and (b) staff costs have increased at The Insolvency Service since April 2017.
To ask the Secretary of State for Business and Trade, for what reason (a) the number of staff and (b) staff costs have increased at The Insolvency Service since April 2017.
The Insolvency Service has expanded its responsibilities in respect of resourcing the transfer of criminal enforcement functions from the Department, work to distribute payments to creditors from Payment Protection Insurance realisations, and the Insolvency Service's expanded role as it has taken on responsibility for enforcement activity related to the economic crime programme.
These factors, together with the implementation of civil service pay awards, have also affected staff costs over this period.