National Welsh Omnibus Services Ltd.

HC Deb 13 January 1993 vol 216 cc738-9W

Mr. Morgan

To ask the President of the Board of Trade if he has received the report of receivers KPMG Peat Marwick into the insolvency of the National Welsh bus company.

Mr. Neil Hamilton

The Secretary of State received reports on 8 January 1993 from the administrative receivers of National Welsh Omnibus Services Ltd., in respect of the conduct of the directors of that company, pursuant to section 7(3) of the Company Directors Disqualification Act 1986.

Mr. Morgan

To ask the President of the Board of Trade if he will institute an inquiry into the financial propriety of the directors of National Welsh bus company in the period leading up to the company's receivership at the end of 1991.

Mr. Neil Hamilton

It is not my Department's policy to comment on the affairs of individual companies. If the hon. Member has information to suggest that an inquiry would be appropriate, my officials will be pleased to consider any information forwarded in the usual manner.