Transparency data

Insolvency practitioner sanctions: Mark Prideaux 20May 2024 (1)

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, 22 KB

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Details

Summary of complaint

This Order is made in relation to complaints that:

1. Between, on, or around 29 September 2020 and on or around 11 December 2020 Mr Mark Prideaux in his capacity as Nominee of six proposed IVAs detailed in Schedule A:
2. provided creditors with insufficient evidence to allow them to make informed decisions in relation to those IVAs in breach of paragraph 6 of Statement of Insolvency Practice 3.1 (effective between 1 July 2014 and 28 February 2023);

and/or

1. failed to ensure the debtors received appropriate advice in breach of paragraph 13 a) of Statement of Insolvency Practice 3.1 (effective between 1 July 2014 and 28 February 2023);

and/or

1. failed to disclose sufficient information to identify the source of the six IVA referrals and any payments that were made to the work referrer firms in breach of paragraph 14 c) of Statement of Insolvency Practice 3.1 (effective between 1 July 2014 and 28 February 2023).

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

1. Between, on, or around 29 September 2020 and on or around 11 December 2020, Mr  Mark Prideaux in his capacity as Nominee of six proposed Individual Voluntary Arrangements (IVAs) detailed in Schedule A, failed to provide creditors with information to allow creditors to form an understanding of the costs and expenses of the relevant IVA in breach of paragraphs 4 and 5 of Statement of Insolvency Practice 9.

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

Schedule A

CaseNo.	Case name	Appointed Nominee	Appointed Supervisor
1	“A”	29 September 2020	27 October 2020
2	“B”	01 October 2020	20 October 2020
3	“C”	06 October 2020	26 October 2020
4	“D”	23 October 2020	11 November 2020
5	“E”	07 December 2020	30 December 2020
6	“F”	11 December 2020	29 December 2020

Published 5 September 2024