Insolvency practitioner sanctions: Allan Cadman 31 December 2024
On 31 December 2024 a Disciplinary Consent Order was made against Allan Cadman, of Xeinadin Recovery and formerly of Poppleton & Appleby
Applies to England, Scotland and Wales
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This Order is made in relation to a complaint that Mr Cadman, in respect of his appointments as liquidator of two companies whilst at his former firm, breached the Fundamental Principle of Professional Competence and Due Care of the Insolvency Code of Ethics when he failed to:
- ensure that Forms RP15 and RP15A were submitted in a timely manner in respect of one company, and
- make a distribution to preferential creditors in a timely manner in respect of both companies.
Accordingly, Mr Cadman was found liable to disciplinary action under the IPA’s Articles of Association.