Martin Evans made this Freedom of Information request to Department for Business, Enterprise and Regulatory Reform
The request was successful.
From: Martin Evans
Dear Sir or Madam,
Would you please confirm The Official Receiver and the Insolvencey service is also a part of the Business of the Department for Business,Enterprise and Regulatory reform, or is it correct the Dept for Business,Enterprise and regulatory reform also trades as the Official Receiver.
Would you please provide me with the last 3 years trading accounts for the official Receiver.
Dear Mr Evans
Further to your request for information I am pleased to respond on
behalf of The Insolvency Service.
May I first correct the details of the department under which The
Insolvency Service operates. Since earlier this year the Department for
Business, Enterprise and Regulatory Reform (BERR) has been renamed the
Department for Business, Innovation and Skills (BIS).
The Insolvency Service is an Executive Agency within the Department of
Business, Innovation and Skills(the Department). The objectives of the
Department are to:
1) promote enterprise, innovation and increased productivity,
2) make the most of the UK's science, engineering and technology.
3) create strong and competitive markets, and
4) develop a fair and effective legal and regulatory framework.
The Insolvency Service supports those objectives by maintaining and
enforcing an effective framework for commercial activity, and in
1) Administers compulsory individual and corporate insolvencies;
2) Reports suspected criminal offences to the Department;
3) Brings disqualification cases against unfit directors of failed
4) Regulates the private sector insolvency profession;
5) Manages insolvency funds;
6) Advises Ministers on insolvency issues;
7) Supports the work of the official receivers appointed by the
Secretary of State.
The office of official receiver was created by the Bankruptcy Act 1883,
which also commissioned the then Board of Trade with the supervision of
bankruptcy. The objective was to impose greater official control over
bankruptcy proceedings generally, and over investigations in particular.
The official receiver's role was extended to compulsory liquidations by
the Companies Act 1890, and is today largely set out in the Insolvency
Act 1986. Originally, official receivers were a mixture of salaried
officers and fee paid local solicitors. Since the 1950s all official
receivers have been salaried, and are now appointed from The Insolvency
Service (The Service).
The Service operates through 33 offices around the country, each led by
an official receiver, and geographically grouped under Regional
Official receivers are appointed, removed and act under the general
direction of the Secretary of State for BIS. On appointment the official
receiver becomes simultaneously a statutory office holder and a civil
servant employed by The Service. It is not correct to say that official
receivers or The Insolvency Service 'trade', rather that (the majority)
of the funding for the work carried out comes from petition income.
All income and expenditure for the work of The Service is available
on-line as www.insolvency.gov.uk. Under the tab 'Publications' are
published the accounts for 2005/06, 2006/07 and 2007/08. The accounts
for 2008/09 are not yet available but will be published once they have
been approved. The link below can be used to connect to the relevant
page of our website.
Further information is also available via The Service's publication
scheme that can be accessed through the link 'Freedom of Information' on
the front page of our website.
I trust the above is useful.
Senior Technical Advisor
Freedom of Information & Data Protection Liaison Officer