Transparency data

Insolvency practitioner sanctions: Mark Prideaux 20May 2024 (2)

On 20 May 2024 a Disciplinary Consent Order was made against Mark Prideaux FCA of Manchester, United Kingdom

• From: The Insolvency Service
• Published: 5 September 2024

Applies to England, Scotland and Wales

Documents

Disciplinary Order Mark Prideaux

ODT, 20.5 KB

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Details

Summary of complaint

This Order is made in relation to complaints that:

1. Between 1 February 2022 and 18 August 2022, Mr Mark Prideaux as Supervisor of the Individual Voluntary Arrangement of Ms “X” failed to deal with a change in financial circumstances properly and in a timely manner in breach of the Fundamental Principle of Professional Competence and Due Care as set out in the Insolvency Code of Ethics (effective from 1 May 2020).

2. On or around 25 September 2020, Mr Mark Prideaux in his capacity as Nominee of the Individual Voluntary Arrangement of Ms “X” failed to provide creditors with information to allow them to fully understand and consider the costs and expenses in breach of paragraphs 6 of Statement of Insolvency Practice 3.1 and/or 4 and 5 of Statement of Insolvency Practice 9.

Mr Mark Prideaux is therefore liable to disciplinary action under Disciplinary Bye-Law 4.1b.

Published 5 September 2024