The quick answer
Yes, they are. Licenced Insolvency Practitioners are regulated by one of three professional bodies.
In more detail
Licenced Insolvency Practitioners will be regulated by one of the following bodies:
• The Institute of Chartered Accountants in England and Wales (“ICAEW”).
• The Insolvency Practitioners Association (“IPA”).
• The Insolvency Service.
You can find out if the person you are dealing with is regulated by one of these by visiting the regulators website and searching the members names.
Licenced Insolvency Practitioners are all bound by a code of ethics and must comply with the Insolvency Act and the Statements of Insolvency Practice.
Licenced Insolvency Practitioners will be visited by their regulator every three years to monitor the quality of work.
Licenced Insolvency Practitioners also need to have an authorising bond issued by a regulated insurer. This covers the value of assets that the Licenced Insolvency Practitioner is dealing with.
Kirks have four Licenced Insolvency Practitioners all regulated by the ICAEW as follows:
David Kirk – Licence number 1260.
Lisa Thomas – Licence number 9704.
Wendy George – Licence number 7152.
Daniel Jeeves – Licence number 7195.