Regulatory penalties
C L Middlebrook
C L Middlebrook (Middlebrooks Business Recovery and Advice)
In terms of Regulation 5.33 of the Insolvency Regulations, notice is hereby given that the ICAS Authorisation Committee has applied a regulatory penalty of £1,000 to the Insolvency Practitioner Mrs C L Middlebrook (Middlebrooks Business Recovery and Advice), in respect that the Practitioner has acknowledged that they failed to comply with Insolvency Regulation 4.12 in that insolvency work had not been undertaken in full compliance of all relevant UK legislation, standards or regulations, as there had been unauthorised pre-appointment remuneration drawn on two cases and failure to comply with Statement of Insolvency Practice 11.
Date: 11 March 2022
The Kelvin Partnership Ltd
In terms of Regulation 7.14 (b) of the Audit Regulations and Guidance effective from 1 January 2020, notice is hereby given that the ICAS Authorisation Committee has applied a regulatory penalty of £1,500 to the audit-registered firm of The Kelvin Partnership Limited (Firm Number F0745), in respect that the Firm acknowledged that it failed to comply with an external cold file review condition imposed by the Authorisation Committee under Audit Regulations 7.01 of the Audit Regulations and Guidance.
Date: 14 February 2022
Milton Avis LLP
In terms of Regulation 7.14 (b) of the Audit Regulations and Guidance effective from 1 January 2020, notice is hereby given that the ICAS Authorisation Committee has applied a regulatory penalty of £1,500 to the audit registered firm of Milton Avis LLP (Firm Number F3783), in respect that the Firm acknowledged that it failed to comply with an external hot file review condition imposed by the Authorisation Committee under Audit Regulations 7.01 of the Audit Regulations and Guidance.
Date: 2 July 2021
Stewart Accounting Services Ltd
In terms of Regulation 5.23 of the Public Practice Regulations, notice is hereby given that the ICAS Authorisation Committee has applied a regulatory penalty of £1,000 to the firm of Stewart Accounting Services Ltd (Firm Number F3865), in respect that the Firm has acknowledged that it failed to comply with Sections 4; 9; and 11 of the Client Money Regulations.
Date: 8 December 2020
Annette Ferguson Ltd
In terms of Regulation 5.23 of the Public Practice Regulations, notice is hereby given that the ICAS Authorisation Committee has applied a regulatory penalty of £1,000 to the firm of Annette Ferguson Ltd (Firm Number F3499), in respect that the Firm has acknowledged that it failed to comply with Section 4 of the Professional Indemnity Insurance Regulations.
Date: 30 September 2020
Gibson McKerrell Brown LLP
In terms of Regulation 7.14 (b) of the Audit Regulations and Guidance applicable from 1 January 2021, notice is hereby given that the ICAS Authorisation Committee has applied a regulatory penalty of £1,500 to the audit-registered firm of Gibson McKerrell Brown LLP, in respect that the Firm acknowledged that it failed to comply on a timely basis with an external cold file review condition imposed by the Authorisation Committee under Audit Regulation 7.01 of the Audit Regulations and Guidance.
Date: 24 November 2022