Headleys
39a Station Road, Lutterworth
, LE17 4AP
Recognised body
50967
Decision - Fined
Outcome: Fine
Outcome date: 2 June 2026
Published date: 10 June 2026
Firm details
No detail provided:
Outcome details
This outcome was reached by SRA decision.
Decision details
Headleys was directed to pay a fixed financial penalty of £750 and costs of £150.
Reasons/basis
Headleys is a recognised body whose office is at 39a Station Road, Lutterworth, LE17 4AP.
Firms must at all times have in place a compliance officer for legal practice (COLP) and a compliance officer for finance and administration (COFA).
A firm must designate a person as its COLP and a person as its COFA and the SRA must approve that person before they commence their role.
The COLP and COFA of a firm have specific responsibility for ensuring a firm, its managers and employees comply with the SRA’s regulatory requirements. They are also responsible for recording any breaches and reporting those to the SRA, where necessary.
A firm must promptly notify the SRA if it becomes aware of any material changes to information previously provided to the SRA, by it or on its behalf, including to its compliance officers.
Headleys failed to:
- promptly nptify the SRA of a material change to the information it has previously provided to the SRA about its COLP
in breach of paragraph 3.8(a) of the Code of Conduct for Firms.
The firm failed to remedy this breach after being given notice and reasonable time in which to do so.