Question to the Department of Health and Social Care:

To ask His Majesty's Government, further to the Written Answer by Baroness Merronon 13 April (HL16195), what assessment they have made of the value of "engaging with the liquidation process" of Promovise Limited given the liquidator has reported a recovery of only £5 and no other known assets; and whether they will now confirm that the £24 million is effectively unrecoverable from this entity.

As noted previously, Promovise Limited is in compulsory liquidation and the appointed liquidator is responsible for administering the process in accordance with their statutory duties. Information on the progress of the liquidation, including reports on the liquidator’s investigations, is published via Companies House.

The Department’s position as a creditor requires it to engage with the liquidation process to ensure that any and all potential avenues for recovery are properly pursued.

While the liquidator has reported limited recoveries to date, it would not be appropriate to pre-empt the outcome of an ongoing statutory process or to make definitive statements about final recoveries while that process remains active. The Department will continue to engage with the liquidator and will be informed of any distributions to creditors in due course.