Technical Guidance
Insolvency Service

 
The Insolvency Service

About the Insolveny Service

The Insolvency Service is a Government agency that helps to deliver economic confidence by supporting those in financial distress, tackling financial wrongdoing and maximising returns to creditors.

Contents

  1. The Insolvency Service
  2. Responsibilities
  3. Corporate information

The Insolvency Service are an executive agency of the Department for Business, Energy and Industrial Strategy with headquarters in London. They have around 1,700 staff operating from 22 locations across Great Britain.

Responsibilities

The Insolvency Service:

  • administer bankruptcies and debt relief orders
  • look into the affairs of companies in liquidation, making reports of any director misconduct
  • investigate trading companies and take action to wind them up and/or disqualify the directors if there is evidence of misconduct
  • act as trustee/liquidator where no private sector insolvency practitioner is in place
  • issue redundancy payments from the National Insurance Fund
  • work to disqualify unfit directors in all corporate failures
  • deal with bankruptcy and debt relief restrictions orders and undertakings
  • act as a impartial source of information for the public on insolvency and redundancy matters
  • advise BEIS ministers and other government departments and agencies on insolvency and redundancy related issues
  • investigate and prosecute breaches of company and insolvency legislation and other criminal offences on behalf of BEIS

Corporate information

Access our information

Read about the types of information the Insolvency Service routinely publish in their Publication scheme. The Insolvency Service Personal information charter explains how they treat your personal information. Read their policy on Social media use.

 

 

Downloads

Caroline SumnerCaroline Sumner
Technical & Education Director
020 7566 4207
Ben LuxfordBen Luxford
Technical Manager
020 7566 4218
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