Insolvency
The question
To ask the Secretary of State for Business and Trade, how many company directors have been disqualified following Insolvency Service investigations involving (a) phoenix trading or (b) similar conduct after insolvency in each of the last three years.
Answered by Blair McDougall
Until April 2025, The Insolvency Service only recorded data for phoenix trading where directors were specifically disqualified for that allegation. This was infrequent, as phoenixism is defined very precisely and requires a high burden of proof. In the 3 years to 31 March 2025 no company directors were recorded as being disqualified specifically for phoenix trading. In many cases, tackling misconduct under another allegation is more effective and, in the period 1 April 2025 to 30 September 2025, 10 directors were disqualified where phoenix trading was recorded alongside the main allegation.
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