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The Insolvency Service

458 articles

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Insolvency Service reveals £57 million returned to the economy and thousands supported through financial distress

Insolvency Service reveals £57 million returned to the economy and thousands supported through financial distress

Tuesday, 22 July 2025

The Insolvency Service has ‘made significant strides in improving services and delivering value to customers’, says interim Chief Executive Alec Pybus...

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Tomb Raider video game composer jailed for Covid loan fraud

Tomb Raider video game composer jailed for Covid loan fraud

Friday, 18 July 2025

Composer sentenced for Bounce Back Loan abuse following Insolvency Service investigations...

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Insolvency Service launches ambitious strategy to tackle economic crime and improve corporate standards

Insolvency Service launches ambitious strategy to tackle economic crime and improve corporate standards

Wednesday, 16 July 2025

New five-year strategy commits agency to prominent role in fight against economic crime...

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Birmingham fraudster spent part of Covid loan funds at safari park, restaurants and paying off personal credit card debt

Birmingham fraudster spent part of Covid loan funds at safari park, restaurants and paying off personal credit card debt

Tuesday, 15 July 2025

Money from the loans was only supposed to be used for the economic benefit of the business ...

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UK based crypto business shut down following worldwide complaints

UK based crypto business shut down following worldwide complaints

Thursday, 10 July 2025

The Insolvency Service investigated complaints made to Action Fraud from people in Estonia, Mauritania, Iran, New Zealand, Poland and Romania. ...

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London building contractor banned as company director and ordered to repay Covid loan funds with interest

London building contractor banned as company director and ordered to repay Covid loan funds with interest

Tuesday, 01 July 2025

Director disqualification and compensation order for Bounce Back loan abuse...

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Dubai based director who falsified VAT returns banned after his four companies owed HMRC more than £1 million

Dubai based director who falsified VAT returns banned after his four companies owed HMRC more than £1 million

Thursday, 26 June 2025

Director submitted falsified documentation to reclaim VAT ...

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Construction director sentenced after failing to explain almost £500,000 worth of transfers out of company account

Construction director sentenced after failing to explain almost £500,000 worth of transfers out of company account

Wednesday, 18 June 2025

Suspended sentence for director who did not deliver accounting records to the liquidator ...

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Director of mobile phone shops given suspended sentence for £150,000 Covid loan fraud 

Director of mobile phone shops given suspended sentence for £150,000 Covid loan fraud 

Friday, 13 June 2025

Zahid Afzal, of Pembrokeshire, fraudulently claimed extra Covid Bounce Back loans for his phone sales and merchandise companies. ...

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Management consultant who ‘wanted to get as much money as he could’ banned as a director for 11 years after securing two Covid loans

Management consultant who ‘wanted to get as much money as he could’ banned as a director for 11 years after securing two Covid loans

Wednesday, 11 June 2025

Romain McLean, from Brent, exaggerated the turnover of RMC Associates Limited to secure two Bounce Back loans....

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Football betting firm boss banned after company went into administration owing investors more than £10 million

Football betting firm boss banned after company went into administration owing investors more than £10 million

Tuesday, 10 June 2025

The company was making substantial losses when it accepted additional investment from bondholders it was never going to be able to repay ...

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Woman invented business to claim Covid loan then sent money to Poland

Woman invented business to claim Covid loan then sent money to Poland

Monday, 09 June 2025

Jagoda Rubaszko guilty of fraud after inventing a business to apply for a £50,000 Covid Bounce Back Loan which she then sent to bank accounts in Polan...

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Insolvency Service appoints first dedicated crypto specialist to help recover online assets such as Bitcoin

Insolvency Service appoints first dedicated crypto specialist to help recover online assets such as Bitcoin

Monday, 09 June 2025

New crypto specialist will help the agency trace rising number of digital assets held by individuals in bankruptcy and criminal cases ...

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Hobbycraft Trading Limited Company Voluntary Arrangement: Information for employees

Hobbycraft Trading Limited Company Voluntary Arrangement: Information for employees

Friday, 06 June 2025

Hobbycraft Trading Limited entered a Company Voluntary Arrangement on 13 May 2025. The company is continuing to trade as it restructures its operatio...

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Appliance servicing company which used high pressure sales tactics on elderly and vulnerable is shut down

Appliance servicing company which used high pressure sales tactics on elderly and vulnerable is shut down

Thursday, 05 June 2025

UK Service Plan Ltd pressured elderly people – some of whom had Alzheimer’s and dementia – into service agreements to protect household appliances. ...

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Former world darts champion Rob Cross banned as director over unpaid taxes

Former world darts champion Rob Cross banned as director over unpaid taxes

Thursday, 05 June 2025

Darts professional banned after company failed to pay hundreds of thousands of pounds in tax ...

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Insolvency Service publishes new Individual Voluntary Arrangement protocol to help protect people in debt

Insolvency Service publishes new Individual Voluntary Arrangement protocol to help protect people in debt

Friday, 30 May 2025

New protocol is the result of the agency working with organisations across the sector to improve support for people considering an IVA. ...

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‘Highly deceptive’ fraudster secured Covid loan funds under his wife’s name and claimed innocent member of the public was his boss

‘Highly deceptive’ fraudster secured Covid loan funds under his wife’s name and claimed innocent member of the public was his boss

Wednesday, 28 May 2025

Bounce Back Loan fraudster also produced false invoice to liquidator ...

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Husband and wife directors banned after taking payments for singing waiters when company was insolvent

Husband and wife directors banned after taking payments for singing waiters when company was insolvent

Wednesday, 28 May 2025

The company continued to take deposits and full payments when it was insolvent ...

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Mum paid daughter almost £200,000 in company money from failing Scottish machinery parts firm

Mum paid daughter almost £200,000 in company money from failing Scottish machinery parts firm

Friday, 23 May 2025

The company owed hundreds of thousands of pounds to creditors at the time ...

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Director disqualified for 11 years after dishonestly securing Covid loan for Lincoln plumbing and heating company

Director disqualified for 11 years after dishonestly securing Covid loan for Lincoln plumbing and heating company

Tuesday, 20 May 2025

Carl Barnes, the director of Central Plumbing & Heating Lincoln Ltd, made false statements about the company’s turnover to secure a Bounce Back loan??...

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Recruitment consultant sentenced after fraudulently using Covid loans for personal purposes

Recruitment consultant sentenced after fraudulently using Covid loans for personal purposes

Monday, 19 May 2025

Suspended sentence for Bounce Back Loan fraudster ...

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Former Chinese takeaway owner sentenced after spending money on Apple and Burberry products instead of paying VAT bill
Refunds still available for 4,000 people who didn’t submit their debt relief order application

Refunds still available for 4,000 people who didn’t submit their debt relief order application

Friday, 16 May 2025

People who started a debt relief order application before April 2024 but did not complete the process are being offered refunds for any fees paid ...

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Seven year ban for Suffolk car wash owner who employed illegal workers

Seven year ban for Suffolk car wash owner who employed illegal workers

Thursday, 15 May 2025

Four illegal workers were discovered by Immigration Enforcement officers ...

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Insolvency Service to take on the work of the National Investigation Service

Insolvency Service to take on the work of the National Investigation Service

Wednesday, 14 May 2025

Move will see transfer of casework relating to COVID-19 loan fraud ...

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Renewable energy company which failed to deliver customer orders is shut down

Renewable energy company which failed to deliver customer orders is shut down

Monday, 12 May 2025

Renugen Limited, based in Kent, was subject to a winding up order following an investigation by the Insolvency Service ...

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Insolvency Service announces interim Chief Executive

Insolvency Service announces interim Chief Executive

Sunday, 11 May 2025

The agency’s Chief Executive Officer, Dean Beale, left the organisation on 12 May 2025 to move to a position outside the Civil Service...

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Director of Kent car sales company banned for Covid loan abuse

Director of Kent car sales company banned for Covid loan abuse

Wednesday, 07 May 2025

Joseph Harrison, the director of South East Commercials Ltd was disqualified as a director for 12 years and ordered to repay £38,295. ...

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Former St Helens pub landlord failed to declare he was bankrupt when applying for Covid loan

Former St Helens pub landlord failed to declare he was bankrupt when applying for Covid loan

Friday, 02 May 2025

Suspended sentence for former St Helens pub owner...

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