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Company Liquidations

Business, Innovation and Skills written question – answered on 8th November 2011.

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Photo of Michael Weir Michael Weir Shadow SNP Spokesperson (Business), Shadow SNP Spokesperson (Energy and Climate Change)

To ask the Secretary of State for Business, Innovation and Skills how many liquidations which commenced (a) five, (b) 10, (c) 15 and (d) 20 years or more ago have not yet been finalised.

Photo of Edward Davey Edward Davey The Parliamentary Under-Secretary of State for Business, Innovation and Skills

This information cannot be provided for all liquidations because the costs of retrieving it are disproportionate.

According to the case database maintained by The Insolvency Service, there are:

264 compulsory liquidations where the insolvency order was made five or more years ago;

64 compulsory liquidations where the insolvency order was made ten or more years ago;

30 compulsory liquidations where the insolvency order was made 15 or more years ago; three compulsory liquidations where the insolvency order was made 20 or more years ago where the official receiver has not applied for release as liquidator.

Does this answer the above question?

Yes1 person thinks so

No0 people think not

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