Insolvency practitioner sanctions: David Hughes 28 August 2025
On 28 August 2025 a disciplinary consent order was made against David Hughes of Cheltenham
Applies to England, Scotland and Wales
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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:
- In his role as liquidator of three companies, he failed to bond the cases in accordance with Part 2, Paragraph 3 of The Insolvency Practitioner Regulations 2005 (as amended); and/or
- In his role as liquidator of the companies referred to above and a further three companies, he:
- Recharged bond costs that had not been incurred, and
- In respect of three of the cases, he withdrew funds from the liquidation account for bond costs that had not been paid.
Accordingly, David Hughes was found liable to disciplinary action under the IPA’s Articles of Association.