Question to the Department for Business, Innovation, Science and Trade:
To ask the Secretary of State for Business, Innovation, Science and Trade, what criteria the Insolvency Service applies when prioritising investigations into alleged director misconduct.
The Insolvency Service assesses and prioritises alleged director misconduct by considering the nature, scale and persistence of harm; the likely protective, disruptive, remedial or deterrent impact of intervention; and alignment with its statutory functions, strategic objectives and identified threats.
It also considers the available evidence, legal risk, prospects of achieving the intended outcome and relevant timescales; the resources and specialist capability required; fairness, proportionality and the wider public interest; and whether another body is better placed to act or coordinated action would add value.