Insolvency practitioner sanctions: Ian Royle 25 June 2025
On 25 June a Disciplinary Consent Order was made against Ian Royle, of Stockton-on-Tees
Applies to England, Scotland and Wales
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This Order is made in relation to a complaint that Mr Royle, in his role as liquidator of a company, breached the Fundamental Principle of Professional Competence and Due Care of the Insolvency Code of Ethics, when he:
- Failed to ensure that the information provided in Form RP15 was consistent with the company’s records;
- Submitted Form RP15 despite forming the initial view that pension liabilities had transferred to the purchaser of the company’s assets, a transaction that occurred prior to Mr Royle’s involvement, and
- Failed to address certain correspondence from the company’s pensions administrator resulting in the outstanding pension contributions not being finalised prior to the closure of the liquidation.
Accordingly, Mr Royle was found liable to disciplinary action under the IPA’s Articles of Association.