Although many people are aware of an employee's right to receive redundancy pay should the company they are working for stop trading, less is understood about redundancy for directors.
However, directors of limited companies are often also classed as employees of their business too, and as such, are just as entitled to redundancy pay as their staff when their company enters liquidation or administration. With an average claim value of £9,000, a redundancy payout can make a huge amount of difference particularly at a time when finances are stretched.
The process for claiming director redundancy can be tricky; however, the experts at Redundancy Claims UK have a 98% success rate and can help maximise your chances of success.
I had never heard of redundancy pay for directors and I was fairly sceptical about how it worked. Redundancy Claims UK, however, made the process so easy and I was delighted to receive the money I was entitled to.
At Redundancy Claims UK, we have over 40 years of insolvency experience and, through working closely with the Redundancy Payment Service, a wealth of knowledge with how the redundancy process works.