Insolvency
(asked on 10th October 2025) - View Source
Question to the Department for Business and Trade:
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.
Answered by
Blair McDougall
Parliamentary Under Secretary of State (Department for Business and Trade)
This question was answered on 15th October 2025
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 Minutes – CP 1306 including a desire to develop a detailed cross-government threat assessment.