Insolvency practitioner sanctions: Martin Halligan 26 June 2015
On 26 June 2025 a Disciplinary Consent Order was made against Martin Halligan of Horsforth, Leeds
Applies to England, Scotland and Wales
Documents
Details
This Order is made in relation to a complaint that Mr Halligan in his role as Liquidator:
1) of Company A breached the Fundamental Principle of Professional Competence and Due Care of Insolvency Code of Ethics and Statement of Insolvency practice (SIP) 2 by failing to conduct timely and appropriate investigations into the affairs of the company, its director and de facto director.
2) of Company B breached the Fundamental Principle of Professional Competence and Due Care of the Insolvency Code of Ethics and SIP 2 by failing to conduct timeous and appropriate investigations into the affairs of the company and its director.
3) of Company B breached the Fundamental Principle of Professional Competence and Due Care of the Insolvency Code of Ethics and section 7A Company Directors Disqualification Act 1986 by:
a. submitting to the Director Conduct Reporting Service a report which was materially misleading,
b. failing to update the Director Conduct Reporting Service when further material evidence came to his knowledge.
4) of Company B breached the Fundamental Principle of Professional Competence and Due Care of the Insolvency Code of Ethics and Section 330 Proceeds of Crime Act 2002 by failing to report Suspicious Activity to his Money Laundering Reporting Officer (MLRO).
Accordingly, Mr Halligan was found liable to disciplinary action under the IPA’s Articles of Association.