Insolvency practitioner sanctions: Andrew Dix 10 February 2023 (1)
On 10 February 2023 a Consent Order was made against Andrew Dix Mr Andrew Dix of Chelmsford, United Kingdom
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Between 23 August 2018 and 18 September 2018, Mr Andrew Dix failed to properly assess whether an administration was an appropriate procedure in respect of “A” Limited. This conduct is contrary to ICAEW’s Code of Ethics Part D (Fundamental Principle of Professional Competence and Due Care) because he failed to act diligently and in accordance with applicable technical and professional standards.
Between 20 August 2018 and 6 March 2019, Mr Andrew Dix, in the lead up to and during his appointment as Administrator and/or in the lead up to his appointment as Liquidator of “A” Limited, failed to take reasonable steps to evaluate the steps to compliance with the fundamental principles that he had identified, contrary to ICAEW’s Code of Ethics Part D.
Between 20 August 2018 and 6 March 2019, Mr Andrew Dix, in the lead up to and during his appointment as Administrator and/or in the lead up to his appointment as Liquidator of “A” Limited a), failed to maintain sufficient written contemporaneous records to demonstrate the steps he took and the conclusions he reached in identifying, evaluating and/or responding to any threats to the fundamental principles, contrary to ICAEW’s Code of Ethics, (And/or b) failed to maintain sufficient records to enable a reasonable and informed third party to reach a view on the appropriateness of his actions, contrary to ICAEW’s Code of Ethics.
On 13 November 2018, Mr Andrew Dix in his capacity as Administrator of “A” Limited, submitted a statement of proposals which failed to report openly and transparently the relationship between “X” Limited and “Y” Limited, contrary to ICAEW’s Code of Ethics.
Mr Andrew Dix is therefore liable to disciplinary action under Disciplinary Bye-law 4.1b