The business was wound up in early June, costing the jobs of eight part-time and ten full-time employees. Insolvency documents show the company has £32,000 in realisable assets, leaving it £190,000 short on what it owes.

Creditors include HM Revenue & Customs (owed £133,000 ) and survey sample provider Sample Answers (owed £844 ).

Danczuk co-founded the agency in 1999 with Ruth Turner, an aide to former Prime Minister Tony Blair, and Anne McNamara. Both McNamara and Turner had left by 2005 after selling their stakes in the business.

Danczuk remained a director and majority shareholder after his election to the House of Commons in May last year. Other shareholders at the time of liquidation included Nicholas Carley, Helen Bidwell and Sonia Milewski.

The company was registered as Urban Visions, but traded as Vision Twentyone. It carried out social research and citizens’ juries for a range of public sector clients.