Employer entering liquidation - Where do I stand

Liam2594 · 5 June at 12:42PM

Hi everyone,

After some advice, please.

I have been employed by my company for almost four years, unfortunately it has now entered a liquidation process due to debts and market conditions not being as strong in the industry as they have been. I understand this is difficult for everyone involved including directors who have been forced to make the decision.

I'm trying to work out what I'll be entitled to, but it seems to be a bit of a minefield as to what you can claim for and how these things work.

As I understand, I will be entitled to three weeks redundancy pay (capped at £719 per week) from the redundancy service provided by the government. I will be entitled to my untaken holiday pay, I think? I have received part payment of my wages due at the end of May, but there is still a decent amount outstanding.

The other question confusing me, is around the notice period. The position I held carried a three month notice period, but reading online it would appear that I'm only entitled to statutory notice which is one week for every full year worked (again three weeks).

Officially I believe we are all still 'employed' as such as we haven't been given claim reference numbers yet, although our details have now been passed to the liquidators.

Any advice gratefully welcomed.