Greensill: Redundancy Pay

(asked on 18th December 2023) - View Source

Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, pursuant to the Answer of 18 December 2023 to Question 6145 on Greensill: Redundancy Pay, if she will make an estimate of the amount that will be returned to the Redundancy Payments Service.


Answered by
Kevin Hollinrake Portrait
Kevin Hollinrake
Minister of State (Department for Business and Trade)
This question was answered on 8th January 2024

The Government's Redundancy Payments Service is currently unable to make an estimate of the amount that will be received from the Administrators of Greensill Capital Management Company (UK) Ltd.

The last Administrator's Progress Report covering the period 8 March 2023 to 7 September 2023 confirmed the timing and amount of funds payable to creditors was uncertain. A copy of the Administrator's Progress Report is available to view at Companies House.

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