Question to the Department for Business and Trade:
To ask His Majesty's Government, following the collapse of Wilko in 2023, what action they have taken against directors and auditors of Wilko.
The Insolvency Service received the administrators’ reports in November 2023. After reviewing the reports, the Insolvency Service concluded that there were either no grounds or insufficient grounds to commence a disqualification investigation.
The Financial Reporting Council (FRC) has not taken any enforcement action against the auditors, and responsibility for investigating the auditor's conduct in this case lies with the relevant professional body. The FRC continues to monitor developments given the public interest in this case.