Catherine Hardinge (Willshire)
Price Bailey is the brand used by Price Bailey Group Limited and its subsidiary companies and limited liability partnerships, and occasionally other authorised firms, to operate and provide professional services. Price Bailey is used to refer either to individual firms or to several or all of them collectively.
The principal firm is Price Bailey LLP, but other firms (listed below) are used for certain regulated services in and outside the UK. All except our business in St Lucia are owned directly or indirectly by Price Bailey Group Limited.
In many parts of the world, accounting firms are required by law to be locally owned and independent. In St Lucia we have licensed a legally independent local practitioner to trade as Price Bailey for certain discrete services where he draws on the resources and methodologies of Price Bailey to support his services to his clients.
Our standard terms and conditions of business enable us to allocate and share work and information amongst the Price Bailey firms, to enable efficient working and best service for the client.
It is Price Bailey’s policy to ensure that client engagements are recorded in writing by the most appropriate firm for the particular services that are required. Each firm may at our discretion, engage or outsource the work required of it to other members of the Price Bailey Group. In such circumstances the business carrying out the work will do so as agent for the business with the engagement who will retain responsibility for the performance of the services provided.
Price Bailey entities are members of or regulated by several professional bodies. Price Bailey is also a member of IAPA, a global association of separately owned and independently managed accountancy firms. Whilst we frequently work with such bodies and their members, they are all wholly independent of Price Bailey and are liable for their own acts or omissions.
For the companies and limited liability partnerships which are registered in England & Wales, the registered office is at:
1 Dane Street
For the Limited Liability Partnerships in the group, a list of members can be found at the address above.
For the companies registered in Guernsey, the registered office address is at:
Rue du Pré
St Peter Port
Price Bailey is a trading name of Price Bailey LLP, with offices in London (City and Mayfair), Bishop’s Stortford, Cambridge, Ely, Norwich, Guernsey and Sawston.
Price Bailey Strategic Corporate Finance is a trading name of Price Bailey LLP.
Price Bailey ® is registered as a UK trademark of Price Bailey Group Limited.
All UK Price Bailey entities are group VAT registered, reference 873 258 596.
Price Bailey Group Limited is registered by the Institute of Chartered Accountants in England and Wales (ICAEW) to carry out audit work in the UK. Details about our registration can be viewed at www.auditregister.org.uk under reference C003176095.
Price Bailey LLP is also registered by the ICAEW to carry out audit work in the UK. Details about our registration can be viewed at www.auditregister.org.uk under reference number C001098093.
The latest transparency reports of Price Bailey LLP under regulation (EU) No. 537/2014 can be found below:
Audit work is governed by Audit Regulations and Guidance, which can be found at www.icaew.com/en/technical/audit-and-assurance/working-in-the-regulated-area-of-audit.
The audit work of Price Bailey LLP, Price Bailey Limited and Price Bailey Group Limited is governed by International Standards on Auditing (UK), which can be found at www.frc.org.uk/auditors/audit-assurance/standards-and-guidance.
No member of the Price Bailey Group is authorised under the Financial Services and Markets Act 2000 but Price Bailey LLP, Price Bailey Private Client LLP and Price Bailey Mayfair LLP are able in certain circumstances to offer a limited range of investment services to clients because they are members of the Institute of Chartered Accountants in England and Wales. They can provide these investment services if they are an incidental part of the professional services they have been engaged to provide.
As we are not authorised by the Financial Conduct Authority to provide investment services we may need to refer you to someone who is.
Financial services work may be introduced to Tavistock Private Client Limited who are authorised by the FCA to conduct investment business or to King Financial Planning LLP, an appointed representative of The Tavistock Partnership Limited who are also authorised by the FCA. Tavistock Private Client Limited is a firm of independent financial advisors and the shareholders of Price Bailey Group have an interest in its parent company.
Tavistock Private Client Limited uses the trading name PB Financial Planning for some of its business. Details of Tavistock Financial Planning Limited can be found on its website at https://www.tavistockprivateclient.com.
Our insolvency practitioners work through Price Bailey LLP and are members of the Insolvency Practitioners Association (IPA). Matthew Howard and Stuart Morton are licensed under the IPA.
Insolvency work is governed by law, Statements of Insolvency Practice, IPA and ICAEW codes of ethics and insolvency regulations which can be found at www.icaew.com/en/technical/insolvency/insolvency-regulations-and-standards
The shareholders of Price Bailey Group have an interest in Adjure Global Limited, which is licensed by the Guernsey Financial Services Commission under the Regulation of Fiduciaries, Administration Business and Company Directors, etc. (Bailiwick of Guernsey) Law 2000 as amended to carry out Fiduciary Duties and Company Administration. It is also licensed under The Insurance Managers and Insurance Intermediaries (Bailiwick of Guernsey) Law, 2002, as amended to carry out management of insurance companies.
Details of Adjure Global Limited can be found on its website at www.adjureglobal.com
Non-Reserved Legal Services
Price Bailey LLP is not regulated by the Solicitors Regulation Authority (SRA) to provide reserved legal services.
Employment law and HR services
Price Bailey LLP employ solicitors, who themselves are regulated by the SRA and bound by the SRA Code of Conduct for Solicitors, to provide a range of employment law related services to clients.
While our Solicitors are personally regulated by the SRA, Price Bailey LLP is not. As such clients who we provide Employment law and HR services to through Price Bailey LLP do not have access to the SRA Compensation Fund which is a discretionary fund operated by the SRA to which all solicitors contribute and whose purpose is to make grants to people whose money has been stolen, misappropriated, or otherwise not properly accounted for or to those who have suffered a loss for which a regulated person should have been insured, but was not. Details of our complaints process and alternative compensation available can be found in our complaints policy.
As Price Bailey LLP is not regulated by the SRA its professional indemnity insurance is not subject to the requirements of the Minimum Terms and Conditions set out by the SRA and is instead required subject to the requirements of the Professional Indemnity Insurance Regulations of the ICAEW, details of which are below.
Reserved Legal Services
Price Bailey Private Client LLP is licensed by the Institute of Chartered Accountants in England and Wales to carry out the reserved legal activity of non-contentious probate in England and Wales.
Details of our probate accreditation can be viewed at www.icaew.com/probate under reference number C001686355.
If the estate is or expected to be in dispute (contentious) we will need to refer you to an SRA regulated firm that will be authorised to undertake this work.
As required by the ICAEW Probate Regulations we are required to disclose certain information in relation to the diversity of our Probate Team. Our 2023 survey results can be found here.
The Price Bailey group’s professional indemnity insurer is Royal & Sun Alliance Insurance plc of St Mark’s Court, Chart Way, Horsham, West Sussex RH12 1XL and covers all group entities. The territorial coverage is generally worldwide but the cover excludes professional business carried out in the United States of America or Canada and also excludes any action for a claim brought in any court in the United States of America or Canada.
Should a conflict of interest arise, either between two or more of our clients, or in the provision of multiple services to a single client, Price Bailey will take such steps as are necessary to deal with the conflict. In resolving the conflict, Price Bailey would be guided by the Code of Ethics of the Institute of Chartered Accountants in England and Wales which can be viewed at www.icaew.com/en/members/regulations-standards-and-guidance/ethics, section B, sub-section 220.
Work carried out by Price Bailey LLP, Price Bailey Group Limited, Price Bailey Limited, Price Bailey Private Client LLP and Price Bailey Mayfair LLP is governed by the Code of Ethics of the Institute of Chartered Accountants in England and Wales, which can be found at https://www.icaew.com/en/members/regulations-standards-and-guidance/ethics
Price Bailey’s audit work is governed by FRC Ethical Standards, which can be found at https://www.frc.org.uk/auditors/audit-assurance/standards-and-guidance
Probate work is governed by the Probate Regulations of the Institute of Chartered Accountants in England and Wales, which can be found at https://www.icaew.com/-/media/corporate/files/members/regulations-standards-and-guidance/reserved-legal-services/icaew-probate-regulations.ashx
IPA Insolvency work is governed by the IPA Ethics code for Members, which can be found at https://www.insolvency-practitioners.org.uk/
Details of our complaints policy is set out in our engagement letters and general terms of business issued to clients and on the complaints page on our website here.
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