Redundancy Claim - For Company Directors

Redundancy Claim - For Company Directors Did you know that many company directors can claim redundancy when their company enters liquidation? notice pay, holiday pay and unpaid wages.

If you are a director of a limited company – which has been trading for over two years – and you are considering closing the company due to financial struggles (i.e. HMRC debts, creditor pressure, cash flow worries, potential insolvency), it is likely that you can claim for director redundancy for which the average UK claim is £12,000. In addition, it's likely you can claim for other statutory ent

itlements such as notice pay, holiday pay and unpaid wages - yet many company directors are not aware that these entitlements are available to them. Even if your company is already in the process of liquidation or has recently been liquidated, it is likely that you can still claim for post insolvency redundancy payments in addition to other statutory entitlements i.e. It is truly remarkable how many UK company directors are unaware of their statutory right to claim monetary entitlements when their business has gone into liquidation. It is often a highly emotional, stressful and financially-challenging time for a director when their company has been wound up and awareness of their legitimate right to a redundancy payment could make a huge difference in softening the blow of their livelihood coming to an end. At RedundancyClaim.co.uk, we have over 40 years of insolvency experience and, through working closely with the Redundancy Payment Service, a wealth of knowledge with how the redundancy process works. Our team wholly understands the laws which govern making a legitimate redundancy claim and, in recent years, we have invested in internal systems to the benefit of making the claim process as efficient as possible for all UK company directors.

25/08/2023

RCUK is no longer trading, please direct all enquiries to CSF Redundancy Payments Limited [email protected]

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, do you agree?
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The number of businesse

As a director you may be held personally liable for some or all of your company’s debts under certain conditions, placin...
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As a director you may be held personally liable for some or all of your company’s debts under certain conditions, placing you at risk of personal bankruptcy alongside the insolvency of your business.

The likelihood of being made bankrupt for business debts depends much on the business's structure; sole traders face a bigger risk than company directors.

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