Director Redundancy Manchester | CFS Redundancy Payments Ltd
We can help directors to maximise their pay-outs.
All employees including directors can claim redundancy pay and other amounts they are owed following the liquidation of their company. This includes sole directors who were both the only employee and also 100% shareholder and where they put the company into liquidation themselves.
Redundancy entitlements for company directors
Company directors and other employees can claim up to 30 weeks of Redundancy pay, which is currently capped at £700 per week and tax-free. They can also claim up to 8 weeks unpaid wages and 6 weeks holiday pay; together with a maximum of 12 weeks notice pay, again capped at £700 per week. We can help directors to maximise their pay-outs in cases where they paid themselves less than the minimum wage and supplemented their earnings with dividends.
In certain circumstances, long serving directors earning £29,700 PA or more, can be entitled to claim as much as £29,006.
Strict time scales apply to your claim, so if you would like us to help with your claim then we urge you to contact us straight away.
Redundancy entitlements for company directors
All employees including directors can claim redundancy pay and other amounts they are owed following the liquidation of their company. This includes sole directors who were both the only employee and also 100% shareholder and where they put the company into liquidation themselves.
It does not matter if there are no assets left in the company and the liquidator has no funds at all. The redundancy claims are paid from the Government’s National Insurance Fund which is operated by the Redundancy Payments Service (RPS).
However, most directors are unaware of their statutory right to redundancy pay because it is a common misconception that company directors cannot claim it and those directors that do bother will find that the odds are stacked against them making successful claims. Some of the information and documentation requested by RPS is ambiguous and confuses many people, and just one simple mistake on any one of the online claim forms could result in your entire claim being rejected. This is why we started our business to help directors make successful claims.
Who Can We Help?
Our Key Members of Staff
Our highly experienced team is here to ensure that your claim is maximised and processed in the quickest possible time.
Myles Addison - Director
Myles, with 6 years of experience in the insolvency industry, specialises in director redundancy claims. He has developed extensive knowledge of ERA1996 and the industry, which led him to acquire CFS Redundancy Payments on February 6, 2023. Myles is dedicated to assisting directors in achieving successful redundancy claims, representing them through the application process during challenging times. Outside of work, Myles enjoys maintaining his fitness, prioritising health, and traveling.
Ewan Malcolm
Ewan has six years of experience in the insolvency industry, specialising in the director redundancy claim sector. With a degree in marketing, he adeptly guides directors through the complexities of redundancy claims, marrying legal expertise with a strategic approach. Ewan is known for his deep industry knowledge, empathetic demeanour, and unwavering commitment to his clients. He continuously updates his skills through seminars and workshops to stay ahead in his field.
What our customers say about us
All employees including directors can claim redundancy pay and other amounts they are owed following the liquidation of their company. This includes sole directors who were both the only employee and also 100% shareholder and where they put the company into liquidation themselves.
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Contact Details:
Suite 105, 5300 Lakeside
Mob: 07551 404040
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