Redundancy/dissolved company

JillyC8

Hi, looking for a bit of advice. The company I work for has suddenly gone into administration and is now dissolved.

We have all been told we will need to apply for redundancy from the govt and it could take six weeks. 

Has anyone had to do this and if so, how long does it take to come through. Would I be eligible to claim benefits meanwhile if needed?

It's all sinking in at the moment so I have lots to think about, but having to wait a long time for redundancy is concerning as I don't have very much in savings, being a low earner.

singhini

im not sure but i did find this GOV information online: Claim for redundancy and other money you’re owed by an employer - GOV.UK Government’s Redundancy Payments Service (RPS) (part of the Insolvency Service)
for:

Statutory redundancy pay (if you’ve worked at least 2 continuous years)

Unpaid wages up to a limit

Holiday pay owed

Statutory notice pay or compensation for loss of notice

(Potentially other elements like overtime/commission depending on your contract)

Looks like you will need a “CN” reference number from the insolvency practitioner handling the administration to make a claim online.

As a practical tip i would apply for UC/JSA as soon as possible,  even if you think you’ll get the redundancy payment because benefits can take weeks to start. I would start a claim immediately to avoid gaps in your National Insurance record.

Hopefully someone else in the know can offer some better advice.