The Insolvency Service has announced it has met all of its published targets in its 2013/2014 annual report, published yesterday (17 June).

The Service met all its external targets, including increasing stakeholder confidence to 69{06aeb1921e0b802d2bd9c766bc98fb11cc6a46c2b0593ed9c88a0e29cf417a34} (against a target of 66{06aeb1921e0b802d2bd9c766bc98fb11cc6a46c2b0593ed9c88a0e29cf417a34}).

Dr Richard Judge, chief executive of the Insolvency Service said: “Britain’s insolvency regime is consistently ranked in the World Bank’s top 10 giving confidence to investors that this is a good place to do business.

The Insolvency Service also detailed results such as: achieving 1,273 director disqualifications, with a six year average length of disqualification undertakings and orders; winding up 168 companies in the public interest following investigations by the agency; processing 75,387 redundancy claims; and achieving a 95.6{06aeb1921e0b802d2bd9c766bc98fb11cc6a46c2b0593ed9c88a0e29cf417a34} customer satisfaction rating.


Source: Insolvency News