Jurisdiction(s):
United Kingdom

Qualification and regulation of insolvency practitioners: appointments across companies, individuals and partnerships; partial authorisation, bonding, offences, and public interest sanctions and directions

Published by a LexisNexis Restructuring & Insolvency expert

Practice notes

This Practice Note considers the ability of persons to act as insolvency practitioners (IPs) in relation to a company, individual or insolvent partnership and court sanction of IPs in public interest cases.

It excludes all actions carried out by the official receiver, who is not required to hold IP qualification under the regime.

Restrictions on unqualified persons acting

A person is taken to act as an IP for a company (meaning a company registered under the Companies Act 2006, or an unregistered company capable of winding up under Part V of the Insolvency Act 1986 (IA 1986)) when acting in any of the following capacities:

as its liquidator, provisional liquidator, administrator, administrative receiver or monitor; or
as nominee or supervisor where a company voluntary arrangement is proposed or approved

A person acts as an IP in relation to an individual by acting in any of the following roles:

as their trustee in bankruptcy, or interim receiver of their property; or
as nominee or supervisor where an individual voluntary arrangement is proposed or approved; or
as administrator of the insolvent estate of a deceased person

A person acts as an IP in relation to an insolvent partnership by acting as appropriate:...

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Web page updated on 21/05/2026

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