Question

To ask the Secretary of State for Business, Innovation and Skills, how he plans to keep the people who lost money following the failure of firms involved in Scottish Power's cash back warranty scheme updated on progress on the review of whether there will be a further investigation of that matter.

Investigations conducted under section 447 Companies Act 1985 are confidential, therefore it is not possible to announce whether or not such an investigation is taking place, or to report on the investigation outside of strict statutory gateways.

Whether or not an investigation under section 432 Companies Act 1985 is being undertaken is something which can be announced, and I am able to confirm that such an investigation will not be commenced at this stage.

Because the liquidation of the companies involved in the scheme is still under way, I do not propose to make a public announcement about the outcome of any review. However the creditors of those companies will receive reports from the liquidators if they are to be paid further dividends.