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Former Portsmouth FC administrator "severely reprimanded" by ICAEW 8 May 2012

Former Portsmouth FC administrator Andrew Andronikou has been “severely reprimanded” and fined £5,000 by the ICAEW.

Andronikou, of UHY Hacker Young, was also ordered to pay costs of £6,500, according to disciplinary orders released by the body’s Investigation Committee.

The committee found Andronikou “wrongly recommended that a creditors’ meeting should be summoned” while handling a personal insolvency during March 2007.

The report said he “had not undertaken sufficient investigations into the validity of certain creditor claims”.

The committee also said his conduct during court proceedings – also during March 2007 – to set aside a decision of the creditors’ meeting to approve the debtor’s proposals was “manifestly inappropriate”.

This related to evidence filed by Andronikou on behalf of his client.

In 2010 Andronikou was appointed joint administrator for Portsmouth FC – the first Premier League club to fall into administration.

In February this year Andronikou lost out on handling the administration of the south coast club for a second stint after the High Court ruled Trevor Birch, of PKF, was the better candidate.

Controversially, Mr Justice Norris called for a “fresh view” amid “evident creditor disquiet” about the prospect of Andronikou landing the job once more.

 

 

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