The Insolvency Service - Business and Enterprise Committee Contents

1  Introduction

1. Each year we conduct an inquiry into one of the executive agencies and associated public bodies of the Department for Business, Enterprise and Regulatory Reform (BERR). Throughout this year our focus has been on the challenges facing businesses and individuals caused by the economic downturn. There has been an alarming increase in the number of companies entering liquidation and unprecedented numbers of people are being made bankrupt.[1] In light of this we decided to review the work of the Insolvency Service; rarely in its history has there been a greater need for its functions to be performed with efficiency and effectiveness.

2. We decided to hold an oral evidence session with the Insolvency Service and in preparation we invited interested parties to submit written evidence on the way in which it is performing its duties. We are grateful to all those who took the time to respond by offering us the benefit of their detailed and thoughtful comments. We are also grateful to Mr Stephen Speed, Inspector General and Agency Chief Executive at the Insolvency Service together with his deputy, Mr Grahame Horne, for giving oral evidence and responding to our further inquiries.

1   Insolvency statistics for the third and fourth quarters of 2008, available at  Back

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