Richard Arnold Wilkes

Findings — machine-extracted (anthropic-batch:claude-opus-4-8); verify against the decision

Richard Arnold Wilkes, sole principal of Hansell Wilkes & Co, admitted three allegations including dishonesty. He repeatedly transferred client money to office account without delivering bills and in amounts far exceeding work done (at least 167 instances over 2011-2013), failed to rectify a minimum shortage of around £250,000-£280,000, and held £21,000 for a client with no underlying transaction (providing banking facilities). The conduct was done to address cash-flow problems and stay within the firm's overdraft limit. The Tribunal found dishonesty proved and, finding no exceptional circumstances under SRA v Sharma, struck him off. Costs were assessed at £12,250, not to be enforced without leave given his impecuniosity, age and bankruptcy.

Duties found breached:

• Non-discriminatory acceptance and cab-rank
• No conflict between current clients
• Segregate client money
• No improper use of client money

Aggravating factors:

• Dishonesty
• Conduct was calculated, deliberate and repeated many times over a prolonged period
• High culpability - sole responsibility
• High harm - shortage of around £250,000 not replaced; profession lost reputation and money
• Compensation Fund claims of £1,262,473.71 paid out

Mitigating factors:

• Degree of cooperation with the SRA
• Open and frank admissions
• No attempt at concealment / candid with investigation officer
• No intention permanently to deprive clients; intention to recapitalise and repay
• Generally repaid amounts (back transfers to rectify position)
• No previous disciplinary matters
• Effect of recession on a small business; sought to protect employees and clients