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<p>Eight companies in the Palmer & Harvey group entered into administration on
28 November 2017. A further company entered into administration on 15 December 2017.
Matthew Callaghan, Ian Green and Zelf Hussain of PWC were appointed joint Administrators.</p><p>Around
2,500 staff were subject to immediate redundancies with around a further 450 retained
to assist the Administrators in managing the business to an orderly closure.</p><p>Administrators
are not required to apply for financial assistance in such cases. Where an employer
enters into formal insolvency, with subsequent job losses, and there is a shortfall
of redundancy, notice, wages, holiday pay and pension contributions to employees,
the Insolvency Service’s Redundancy Payments Service is in place to process those
claims and make payments in accordance with the statutory limits.</p><p>As at 12th
January 2017, 2,384 claims had been received, out of an expected total of 2,959. Approximately
80% of claimants received some form of payment before Christmas. Where claims are
outstanding we are proactively liaising with the claimant and/or the Administrators
to obtain the necessary information and aim to process the claim with 48 hours of
receipt of the necessary information.</p>
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