§ Mr. Arthur Davidson
asked the Minister for Trade what information he has as to the number of directors, whose companies have been insolvent, who have started new companies over the past five years in Accrington and north-east Lancashire.
§ Dr. Vaughan
354,783 companies were registered in England and Wales but I do not consider that the cost of identifying those which have registered offices in these places would be justified.
Section 95 of the Companies Act 1981 extended the information to be given in a company's register of directors and secretaries so as to include in addition particulars of directorships held in the previous five years. This information has also to be sent to the Companies Registration Office. The objective of this provision, which will be brought into force as soon as possible, is to make it easier to find out the involvement of directors in other companies, including those which have been wound-up.