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Insolvency practitioner sanctions: David Hughes 18 March 2025

On 18 March 2025 a Disciplinary Consent Order was made against David Hughes of Janes Insolvency

From:
The Insolvency Service
Published
22 July 2025

Applies to England, Scotland and Wales

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Details

This Order is made in relation to a complaint that David Hughes breached the Fundamental Principle of Professional Competence and Due Care of the Insolvency Code of Ethics, when;

Allegation 1:                                     

a)  He failed to submit monthly bordereau returns to the IPA in accordance with The Insolvency Practitioner Regulations 2005; 

b)  In his role as liquidator of one company, he failed to: 

  1.  publish a notice of his appointment in the Gazette, and deliver a notice of his appointment to the Registrar of Companies in breach of S109(1) Insolvency Act 1986;

  2.  advertise a notice of intention to declare a dividend in breach of Rule 14.28 Insolvency Rules (IR) 16;

  3.  deliver notice of intention to declare a dividend in breach of Rule 14.29 IR 16.

c)  In his role as liquidator of three companies, he failed to file progress reports within two months of the period end in breach of Rules 18.7 (6) and 18.8 (5) IR16.

e)  In his role as liquidator of one company he failed to:

  1.  progress the liquidation in a timely manner;

  2.  file notice of his appointment with Registrar of Companies as soon as reasonably practicable in breach of Rule 4.106A (4) the Insolvency (Amendment) Rules 2010;

  3.  advertise and deliver a notice of intention to declare a dividend in breach of Rule14.28 and Rule 14.29 IR 16.

f)  In breach of Rule 18.7 (6) IR16, he failed to:

1.  prepare or send annual progress reports to the Registrar of Companies in no less than eight cases;

  1.    issue 19 annual progress reports (across no less than 13 cases) in a timely manner.

g) In his role as supervisor of an Individual Voluntary Arrangement (IVA) he failed to:

1.  pay an equalising dividend in a timely manner, and;  

  1. distribute funds in accordance with the IVA proposal.

Allegation 2:                                     

In his role as liquidator of two companies he failed, contrary to the provisions of Statement of Insolvency Practice (SIP) 11, to have appropriate safeguards in place to clearly differentiate and segregate estate money, client money and the money belonging to the entity in which he was working.

Accordingly, Mr Hughes was found liable to disciplinary action under the IPA’s Articles of Association.

Updates to this page

Published 22 July 2025

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