Insolvency

(asked on 24th June 2014) - View Source

Question

To ask the Secretary of State for Business, Innovation and Skills, how many times the Insolvency Service's Redundancy Payments Service has made payments in cases where Deloitte was appointed the administrator in each of the last five years; how many such cases also involved payments made for protective awards; and how much was paid out for (a) statutory entitlements and (b) protective awards in each such case.


Answered by
Jo Swinson Portrait
Jo Swinson
This question was answered on 30th June 2014

In the last five years, the Insolvency Service's Redundancy Payments Services have paid £77,233,534.54 in statutory entitlements, in 173 cases where Deloitte was appointed the administrator or liquidator.

Of these cases, 20 cases resulted in protective award judgments totalling £6,930,864.72 paid from the National Insurance Fund.

Due to the number of cases, it is not possible to disclose how much was paid in each individual case so a total has been provided instead.

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