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Responsibility for assessing the conduct and performance of insolvency practitioners in their role as Administrators falls to the Regulatory Professional Body of which they are a member. The role of the Secretary of State, through the Insolvency Service, is to ensure that these bodies are effectively undertaking their regulatory functions.<\/p>

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In June 2014, an Employment Tribunal judgement was handed down which was critical of the role of the Administrators (from Deloitte) in their handling of redundancies involving approximately 6,500 employees following the collapse of Comet, a large national retailer of electrical goods. The judgement was referred by the Insolvency Service to the Administrators\u2019 Regulatory Professional Body, the Institute of Chartered Accountants in England and Wales for consideration of disciplinary action. That investigation is currently on-going.<\/p>

<\/p>

An Employment Tribunal had previously made criticisms of the Administrators of WW Realisations 1 Limited formerly known as Woolworths (also from Deloitte). That matter was also referred by the Insolvency Service to the Institute of Chartered Accountants of England and Wales for consideration. No disciplinary action was taken as a result of that investigation.<\/p>

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