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NEWS
The Insolvency Service has published its updated guidance for pension claims submission to the Redundancy Payments Service (RPS) and revised the RP15A spreadsheet requirements. The updates mandate that the RP15A pension contribution applications spreadsheet must be submitted in excel format, with practitioners required to use the official template. The guidance outlines the process for submitting RP15 pension contribution forms, RP15A spreadsheets, and RP16 actuarial certificates for defined benefit schemes. Additional requirements include password protection for completed spreadsheets and a specified 12-week processing timeline for claims. The RPS will reject claims that do not conform to the new spreadsheet format requirements.
NEWS
The Insolvency Service has published updated guidance and templates for insolvency practitioners managing redundancy payment cases through the Redundancy Payments Service. The revised documentation provides expanded instructions for new case setup requests, the provision of employee information, and handling complex cases that involve multiple redundancies.
NEWS
The Insolvency Service has released statistics on debt relief orders (DROs) that were either revoked or declined in England and Wales during the 2024–25 financial year. Based on administrative data covering the period from 1 April 2024 to 31 March 2025, the figures reveal that 209 DROs were revoked and 220 DRO applications were declined.
NEWS
The Insolvency Service has reported an 11-year directorship disqualification for Guy Conroy, former director of Green IS Group Limited and GIS Forestry Limited, following investor losses of £8.5m in Brazilian teak plantation schemes. The companies sold investment bonds valued at £5,000 between 2014-22, but failed to secure proper ownership rights for the plantations. At least 250 investors were affected when both companies entered compulsory liquidation in March 2022 with the largest individual claim in the liquidation process being £636,000. Conroy's disqualification prohibits him from company directorship until March 2036.
NEWS
The Insolvency Service has reported the disqualification of building contractor Tahir Haq from serving as a company director for 11 years, accompanied by mandated compensation payments totalling £58,963 (including interest and costs). Haq obtained a £50,000 bounce back loan (BBL) for Integral Maintenance Team Ltd by overstating his company's turnover by £200,000, despite the company being entitled to only around £3,000. The disqualification, effective from 1 July 2025, prohibits Haq from promoting, forming, or managing any company without prior court approval.
NEWS
The Insolvency Service has reported the disqualification of Hassan Waqar as a company director for 11 years following investigations into VAT fraud across four companies. The companies falsely reclaimed £396,982 in VAT through submission of falsified documents to HMRC. The companies were struck off Companies House register between February 2023–June 2023, owing £1.1m in total VAT assessments, penalties and interest. HMRC has issued a joint and several liability notice to Waqar, making him personally responsible for the tax debts. Waqar is prohibited from being involved in the promotion, formation or management of a company, without the permission of the court until 2036.
NEWS
The Insolvency Service reports the disqualification of Anna Daroy, former Director General of the Institute of Directors (IoD), from serving as a company director for 11 years following investigations into bounce back loan (BBL) breaches. Daroy obtained two £50,000 BBLs for Globepoint Associates Ltd in May 2020, exceeding the scheme's single-loan limit. The Secretary of State for Business and Trade has accepted a disqualification undertaking from Daroy effective from 10 September 2025, preventing her involvement in company promotion, formation or management without court permission until September 2036. Globepoint Associates entered liquidation in March 2023 with both loans outstanding.
NEWS
The Insolvency Service reports a 12-year directorship disqualification order against Joseph Harrison, former director of South East Commercials Ltd, for obtaining multiple coronavirus bounce back loans (BBL) in breach of scheme rules. Harrison has been ordered to repay £38,295 and the disqualification, effective from 6 May 2025, was made under sections 6 and 15A of the Company Directors Disqualification Act 1986. The investigation found Harrison had obtained two £45,000 loans when the scheme permitted only one per company. South East Commercials Ltd was dissolved in January 2025.
NEWS
The Insolvency Service has announced a 13-year directorship disqualification for Adam Ebrahim following fraudulent coronavirus bounce back loan (BBL) applications totalling £100,000. Ebrahim secured maximum-value loans for two non-trading companies by falsely claiming annual turnovers of £400,000 and £235,000. The companies, Chicken Grill Cottage Ltd and Presto Delivery Ltd, entered liquidation in June 2022 owing over £100,000. Ebrahim has been ordered to pay £9,555 in costs and is prohibited from company directorship until April 2038 without the court's permission.
NEWS
The Insolvency Service has reported that Ademilson Nascimento has been disqualified as a company director for 15 years after fraudulently obtaining a £46,500 Bounce Back Loan (BBL) in July 2020. He falsely claimed that Buildan Construction Ltd had a turnover of £192,000, even though the company never traded and filed dormant accounts for 2019, 2020 and 2021. The disqualification was ordered at a High Court hearing on 28 April 2026 and will remain in force until May 2041. Nascimento was also ordered to pay £5,667 in costs. The disqualification prevents him from being involved in the promotion, formation or management of a company without court permission. Buildan Construction Ltd entered liquidation in April 2023 and was dissolved in December 2025.
NEWS
The Insolvency Service has reported that Mohammed Rashidzadeh has been sentenced to 18 months in prison for fraudulently obtaining a £50,000 bounce back loan (BBL). Rashidzadeh was found guilty of offences under the Fraud Act 2006 (FrA 2006) and Companies Act 2006 (CA 2006) after using the funds to purchase a house in Huddersfield rather than supporting his business, Cozy Bed Ltd. Rashidzadeh attempted to dissolve the company eight days after receiving the loan without notifying creditors. The Insolvency Service is now pursuing recovery of the funds under the Proceeds of Crime Act 2002 (POCA 2002).
NEWS
The Insolvency Service has reported that Darren Anderson was sentenced at Nottingham Crown Court on 24 September 2026 to 4 years’ imprisonment for fraud, theft and acting as a company director while disqualified. He was also disqualified from acting as a company director for 15 years. Public reporting confirms that Anderson admitted 16 offences, including 10 counts of fraud, 5 counts of acting as a director while disqualified and 1 count of theft. The Insolvency Service said Anderson’s conduct caused losses exceeding £200,000 through 13 companies in 2022 and 2023. It is also seeking confiscation under the Proceeds of Crime Act 2002.