Redundancy Pay: Insolvency Service

Department for Business and Trade written question – answered on 8th March 2023.

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Photo of Justin Madders Justin Madders Shadow Minister (Future of Work), Shadow Minister (Business and Industrial Strategy)

To ask the Secretary of State for Business and Trade, which companies had employees that received redundancy payments from the Insolvency Service in (a) 2021 and (b) 2022; and how many employees received payments in each instance.

Photo of Kevin Hollinrake Kevin Hollinrake Parliamentary Under Secretary of State (Department for Business and Trade)

In 2021 there were 181 employers not subject to formal insolvency proceedings with 391 claims; and 4,769 employers subject to formal insolvency proceedings with 37,576 claims where a statutory redundancy payment was made by the Insolvency Service.

In 2022 there were 164 employers not subject to formal insolvency proceedings with 500 claims; and 5,766 employers subject to formal insolvency proceedings with 31,447 claims where a statutory redundancy payment was made by the Insolvency Service.

The names of employers subject to formal insolvency proceedings with more than 10 redundancy payments made are included in the attached tables.

Employers with 10+ redundancy payments (pdf, 486.7KB)

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