Basic Search  |  Summaries  |  Advanced SearchPenalty: £268,765
Year: 2019
Date: 17 December, 2019
Offence Group: competition-related offences
Offence Type: price-fixing or anti-competitive practices
Violation Description: Prospect paid a £268,765 fine in settlement of a decision by the CMA that the company took part in a price fixing cartel to set minimum commission rates for the sale of residential property in their local areas, in collusion with fellow estate agent companies Michael Hardy, Richard Worth, and Romans. The fine had been reduced under the leniency programme for early admission of activity and aid in the investigation.
Action Type: agency action
Settlement Type: Settlement and Leniency agreement with CMA
Case Number: 50543
Agency: Competition and Markets Authority
Source of Data: (click here)