A report into insolvency practitioners’ compliance with the first six months’ operation of stepped-up reporting requirements for pre-pack deals has found that “there is still a fair way to go to ensure that creditors receive the information they need in a timely manner”, says the Insolvency Service’s deputy chief executive Graham Horne.

However, the report’s findings also suggest that “directors’ misconduct does not appear to be more prevalent in cases involving pre-packs”, Horne said.