§ Mr. David NicholsonTo ask the Secretary of State for Trade and Industry what information he has on the number of glazing companies that have gone into liquidation in each of the last three years.
§ Mr. RedwoodThis information is not available.
§ Mr. David NicholsonTo ask the Secretary of State for Trade and Industry what restrictions exist on directors of recently liquidated companies setting up business and trading while previous company debts remain unpaid.
§ Mr. RedwoodThere are provisions under the Company Directors Disqualification Act 1986 (CDDA 1986) which enable the Secretary of State to make applications in the civil courts as regards directors whose conduct in liquidations has been reported upon.
There are also provisions under section 216 of the Insolvency Act 1986 whereby, with some exceptions, a director of a company which has gone into insolvent liquidation may not be involved with another with the same or a similar name within five years of the failure of the first company.