working for a company in administration

[vx220]

Any advice?
Any dos or donts to be aware of?

Thanks in advance

[sleepezy]

As an employee or 'doing work' as a supplier for a company in admin? Other than ensuring the administrators 'demand' your services, nothing to really be concerned of, payment is guaranteed by the administrators.

[vx220]

As an employee
Thanks for advice

Any idea how many retail companies successfully survive being in administration?

[onesickpuppy]

Comet?

[crazy about cars]

onesickpuppy said:

Comet?

+1

Best advice would be start looking for another job?

[anonymous-user]

Try not to rack up a big expenses bill...

[FLASHG1981]

Having been in this situation my advice would be if you have been paid at the end of October walk away now if not then stay but the process of getting wages from the government redundancy payments office is a nightmare. All the guys I worked with had to ring several times a day for a few months to get our outstanding wages and we got nowhere near the amount we were promised.

[matt3001]

Every hour you work since the company went into Administration will be classed as an expense of the Administration. This is ranked higher than any fees etc, so you will definitely get paid in full.

There is no need to 'walk away now' just start using the time to apply for other jobs etc.

You only deal with the RPO when you are physically made redundant, and your redundancy payment and any outstanding holiday balance will be crystallised and they will make a payment to you (not the Administrators). This is subject to limits imposed by the government.

For those of you that want to know what happens then; the RPO submits one large claim against the Administration who then pay the RPO back. The RPO is there to speed up the process of paying the employees in a timely manner, and it can take many months/years for the Administration to have realised enough money to pay the amounts due.

Edited by matt3001 on Thursday 8th November 13:33

[FLASHG1981]

matt3001 said:

Every hour you work since the company went into Administration will be classed as an expense of the Administration. This is ranked higher than any fees etc, so you will definitely get paid in full.

There is no need to 'walk away now' just start using the time to apply for other jobs etc.

You only deal with the RPO when you are physically made redundant, and your redundancy payment and any outstanding holiday balance will be crystallised and they will make a payment to you (not the Administrators). This is subject to limits imposed by the government.

For those of you that want to know what happens then; the RPO submits one large claim against the Administration who then pay the RPO back. The RPO is there to speed up the process of paying the employees in a timely manner, and it can take many months/years for the Administration to have realised enough money to pay the amounts due.

Edited by matt3001 on Thursday 8th November 13:33

This is the official procedure however I was not paid any wages by administrator and was just told that the bank accounts had been frozen despite there actually being plenty of money to pay the wages and other creditors (I know this as was eventually sent all the figures by the administrator).Finally received the payment from RPO 6 months after actually earning the wages this involved ringing up RPO several times a day to chase them up and kept getting fobbed off with excuses. My ex collegues all had similar problems with RPO claim.