Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what steps he is taking to prevent phoenixing.

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.