Arcadia Group: Insolvency

(asked on 2nd December 2020) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask Her Majesty's Government what plans they have to publish reports by the Insolvency Service into the collapse of the Arcadia Group.


Answered by
Lord Callanan Portrait
Lord Callanan
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 16th December 2020

After a company enters administration, the administrators have three months to report to my Rt. Hon. Friend the Secretary of State on the conduct of the directors. The Insolvency Service will review the administrators’ report into Arcadia to consider whether further steps, such as conducting a detailed investigation, may be necessary. The Secretary of State has written to the Insolvency Service to request that they review the report from the administrators rigorously and expeditiously as soon as they receive it.

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