Can You Fund Your Liquidation with a Director Redundancy Claim? Learn More
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In many cases, our liquidation fees are covered by your director redundancy payment with money left over for you to enjoy. Find out more below.
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Free Liquidation

Liquidation is a hugely common process with thousands of companies closing each and every year due to financial problems. For company directors this can be a very stressful and unfortunate time with their business collapsing around them, creditors chasing for payment and being faced with significant fees to liquidate the business even though the company bank balance is in the red.

jonathan-munnery

Jonathan Munnery
Insolvency Expert

0800 063 9262

Thankfully, many directors are now realising that they have statutory entitlements upon liquidation just like their employees and these entitlements include director redundancy pay for which the average compensation pay-out is £12,000.

Essentially, many company directors can now fund their liquidation with this redundancy pay. It may sound too good to be true but we help dozens of company directors every single day to unlock their right to redundancy and achieve a cash windfall at the time when they need it most.

 

How does it work?

We speak to directors every single day who tell us their company is in dire straits and liquidation is the only option but they can’t afford the insolvency practitioner fees which tend to be around £5,000. Thankfully, they’ve contacted us at just the right time; we can quickly ascertain their right to a director redundancy claim and if they are eligible, they are only around six weeks away from receiving a substantial redundancy pay-out.

Not all company directors can claim redundancy but most can. As a quick rule of thumb, directors have a high possibility of a valid claim if the following statements are true:

  • You are paid via PAYE or have been in the past
  • Your company has been incorporated for at least two years
  • Your company has traded in the last 12 months
  • Your company was insolvent at the time of liquidation or is currently insolvent

 

FREE expert advice

If you are unsure whether you have a right to claim director redundancy, you can contact us for a free consultation and our dedicated team will be able to make a judgement based on your current situation.

We have vast experience in advising on redundancy and statutory entitlements in addition to more than 30 years’ insolvency and employment law experience.  Not only can we assist company directors pre and post insolvency, we can also assess the impact on your staff and provide advice on TUPE in administration procedures if necessary.

Our experience immediately reduces the possibility of rejection – around 50% of director redundancy claims are rejected by the Redundancy Payments’ Service due to errors or inconsistencies. We understand how to maximise your claim and how to ensure the claim form is completed correctly.

Contact UK Liquidators today to see if you qualify for FREE LIQUIDATION through director redundancy.

Confidential Review
Prices from £2500 + VAT
See if you Qualify

Monday – Sunday: 8am – 8pm
Tel: 0800 063 9262

Our 60 Second Form Can Provide:

  • FREE Liquidation Quote
  • Advice on Writing off Debt
  • 100% Confidential Review
  • Director Redundancy Assessment

More About Us:

  • More Liquidations than any UK firm in 2016
  • Help directors receive £12,000 average redundancy pay
  • Nationwide Coverage – 48 UK Offices
  • Fast, Efficient and Confidential Liquidation Service
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Advice You Can Trust

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Client Testimonials

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BrianGateshead
Our family-run construction firm had enjoyed a good run since the 1980s but with margins squeezed tighter than ever before and a saturated marketplace, we began to struggle. We also had a key supplier that went bust leaving us with major problems. We decided we needed to liquidate as cash-flow was steadily decreasing and creditors were chasing. UKLiquidators handled the CVL and enabled us to write off our debts. I was surprised to learn I was also eligible for £14,500 in director redundancy.

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PaulBristol
I am the Managing Director of three separate companies within a subsidiary but one of these companies was dragging the other two down. I needed to work out the most tax-efficient way of closing the struggling company but due to the complex nature of our company structure, our accountant couldn't provide the advice we needed. Thankfully, UKLiquidators took control of the situation and we were delighted with the outcome. We were able to fund the liquidation through a significant director redundancy payment which both my wife and I received as we were the two managing directors.

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