questionText: To ask the Secretary of State for Business and Trade, whether his Department has made an assessment of the (a) prevalence of phoenixing and (b) potential impact of phoenixing on small businesses.
answerText: The Insolvency Service is committed to working closely with HMRC and Companies House to tackle the harm caused by companies who use ‘Phoenixing’ as a means of avoiding liabilities. There is a range of ongoing activity set out in the recent Treasury Minute...
heading: Insolvency