The consequences of failing to cooperate with the Insolvency Service investigation can lead to potentially serious consequences including:
Contempt of Court
If the investigation is frustrated by the directors or other company personnel, they can be found in contempt of court, fined, imprisoned and ordered to pay costs.
Criminal Charges
Intentionally obstructing a warrant or, without reasonable excuse, failing to comply with any requirements imposed, create a separate criminal offence which can result in a fine if convicted on indictment and a fine up to the statutory maximum on summary conviction.