Company Liquidations
Commons · Question 78997 · Tabled 10 Oct 2025 · Department for Business and Trade · Official record
Answered 20 Oct 2025
Question
Asked by Nick Timothy
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
Answer
Answered by Blair McDougall, 20 Oct 2025
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 di...