Question

To ask the Secretary of State for Business, Innovation and Skills, whether the Insolvency Service plans to conduct an investigation into the circumstances surrounding the administration of Citylink.

In the first instance, it will be for the appointed Administrators to investigate the events leading up to the collapse of Citylink. The Administrators also have a statutory obligation to report confidentially to The Insolvency Service about the conduct of the directors. If misconduct is alleged the Secretary of State then has a discretionary power to seek the disqualification of the directors where it is believed to be in the public interest

The Insolvency Service also has discretionary powers under the Companies Acts to conduct enquiries on behalf of the Secretary of State where it appears that there has been misconduct in relation to the affairs of any company, including those not subject to formal insolvency. Any individual or organisation with evidence of misconduct should send full details of their complaint and all the supporting evidence to: Intelligence Hub, Investigations and Enforcement Services, The Insolvency Service, 3rd Floor Cannon House, 18 Priory Queensway, Birmingham B4 6FD (email: intelligence.live@insolvency.gsi.gov.uk)

My Rt hon Friend the Secretary of State for Business, Innovation and Skills has powers to use information arising from such enquiries, to seek the disqualification of the directors of the company, petition the court to wind up the company or bring criminal proceedings.