Directors' Redundancy Claims
A guide for directors on how to claim redundancy when their company enters insolvency.
Published by Hedwyn Ltd. General information for directors of companies registered in England and Wales.
Redundancy Claims for Directors
If you are a director of a limited company that is entering liquidation or administration, you may be entitled to claim redundancy pay and other statutory entitlements.
Eligibility Criteria
To be eligible, you must:
- Be an employee of the company (usually evidenced by a contract of employment).
- Have worked for the company for at least two years.
- The company must be insolvent.
What You Can Claim
- Redundancy Pay: Based on age and length of service.
- Arrears of Wages: Up to 8 weeks of unpaid pay.
- Holiday Pay: Up to 6 weeks of accrued holiday.
- Notice Pay: Statutory notice period pay.
Next Steps
Contact a licensed insolvency practitioner to discuss your options and start the claims process via the Redundancy Payments Service (RPS).
This guide is general information, not legal, financial, accounting or insolvency advice. See how our content is prepared.