PARLIAMENTARY WRITTEN QUESTION
(29 August 2025)
Question Asked
To ask the Secretary of State for Business and Trade, what steps he is taking to prevent phoenixing.
Asked by:
Steve Yemm (Labour)
Asked by:
Steve Yemm (Labour)
Answer
The Insolvency Service is tackling abusive phoenixism, working in close partnership with HMRC and Companies House to combat these wrongful activities. A coordinated action plan has been agreed, and an implementation plan is underway. Key measures include, closing loopholes in company registration and dissolution processes; increasing our compliance impact through targeted enforcement; and improving the quantity and quality of referrals for enforcement action in order to maximise enforcement outcomes, including director disqualifications and prosecutions.
Answered by:
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