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The latest articles from Redundancy Claims UK.

How much does it cost to liquidate a company?

How much does it cost to liquidate a company?

Friday 24th January, 2020
An insolvent company is liquidated through a formal process known as a Creditors’ Voluntary Liquidation (CVL) which must be administered by a licensed insolvency practitioner and this unfortunately does come with a financial cost attached.
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What is a First Gazette Notice for compulsory strike-off?

What is a First Gazette Notice for compulsory strike-off?

Monday 20th January, 2020
A company may be compulsorily struck off the register at Companies House and dissolved for consistently failing to submit statutory accounts or the annual confirmation statement.
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Is your company liquidator undervaluing your claim?

Is your company liquidator undervaluing your claim?

Monday 20th January, 2020
Although director redundancy is becoming more and more widely understood by insolvency practitioners, some confusion still exists which could severely reduce the amount of redundancy you receive. This confusion occurs when company directors have been paying themselves a salary which falls below legal minimum wage levels.
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What is illegal trading and how do I avoid it?

What is illegal trading and how do I avoid it?

Thursday 9th January, 2020
You may be accused of trading illegally if you carry on trading when your company is insolvent, and in doing so, worsen the position of creditors. Although it’s incumbent on directors to stop trading under these circumstances, in reality this can be a complex scenario.
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How do I know if my business is insolvent?

How do I know if my business is insolvent?

Tuesday 7th January, 2020
Knowing whether or not your business is insolvent is crucial in avoiding wrongful trading, and allows you to take the correct action according to UK insolvency laws. There are several tests that can be carried out for insolvency, any one of which may indicate a need to stop trading and place the interests of creditors first.
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