§ Mr. Chris SmithTo ask the Chancellor of the Duchy of Lancaster how many prosecutions have been brought against companies for wrongful trading under the Insolvency Act 1986; if he will list the companies concerned; and how many of these prosecutions have(a) been completed and (b) resulted in conviction.
§ Mr. AtkinsWrongful trading is not a criminal offence under the Insolvency Act 1986. It is a civil remedy available to the liquidator of a company in insolvent liquidation. My Department does not maintain records of wrongful trading actions.