Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what assessment he has made of the adequacy of transparency of pre-pack administration procedures.

Transparency is embedded within the regulatory requirements for pre-pack administration procedures. The administrator must give creditors a detailed explanation of why the pre-pack sale was the best outcome. This report is filed at Companies House and is also sent to the administrator’s regulatory body for monitoring and compliance. The Government’s review of administrator pre-pack reports in 2023 concluded there is a high level of compliance with the transparency requirements.

The Government keeps these requirements under regular review.