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United Kingdom · Question · Written question

UIN 1376

Companies: Insolvency

Original

answeredUnited Kingdom· UK Parliament· EN

Introduced

14 May 2026

Last action

21 May 2026 · Answer

Status

Answered

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Subjects

Discovery layer

Source updated

21 May 2026

Summary

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.

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Timeline

  1. 14 May 2026

    Written 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.

    Source: Commons

  2. 21 May 2026

    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 Secretar...

    Source: Written answer

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