Every year, thousands of directors apply to strike off their insolvent companies - some sail through at Companies House and are closed down but many are rejected due to creditors, such as HMRC, alerting Companies House that there are unpaid liabilities. In this situation, directors are often stuck with no money to fund liquidation.
This is where we come in.
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. We can quickly ascertain your right to claim and, crucially, ensure your claim is maximised rather than undervalued. You can also get a quick estimate with our Director Redundancy Calculator.
In addition, it's likely you can claim for other statutory entitlements such as notice pay, holiday pay and unpaid wages - yet many company directors are not aware that these entitlements are available to them.
If you're a company director and your business is collapsing due to financial difficulties, our advice is to avoid striking off, otherwise known as dissolution, and see if you are entitled to director redundancy which is only available through liquidation. Do not lose your right to claim! If you have been trading for more than two years and you pay yourself a salary from the company in distress, it is very likely you will have a successful claim.
Call us on 0800 063 9261 or head to our Director Redundancy Calculator and we will be able to quickly advise on your right to claim.
Does accepting a new job offer before the date of redundancy prevent a director making a claim for redundancy to the RPS
If you are looking to close your limited company, you may have attempted to strike it off by submitting a DS01 form to Companies House. This process is also sometimes referred to as dissolving or company dissolution.
A Creditors’ Voluntary Liquidation (CVL) is an official procedure whereby a company’s assets are liquidated in order to pay creditors. It’s typically initiated by directors when their company becomes insolvent and there is no hope of business recovery.
Redundancy claims are a very professional company, Caroline who is dealing with our case is friendly, compassionate and very clear in explaining everything during this difficult time. The service we have received has been amazing, Thank you.Tina Hill Director of a professional services firm