Will I be paid my Holiday Pay?

Posted by Moorfields Administrators on

Any holiday accrued after 28 February 2018 to the cessation of trading was settled in full in your final pay packet.

The move of the Company from a CVA to an Administration means that team members could not claim for arrears of holiday pay from the RPO. Any holiday pay accrued prior to the date of appointment, 28 February 2018, ranked as a preferential claim in the Administration. Claims have been calculated on behalf of team members by the Administrators.

A letter was sent on 25 May 2018 to all team members that have a preferential claim for accrued outstanding holiday pay for the period from 1 October 2017 to 27 February 2018. The letter contained details of team members holiday pay claim, in accordance with the details held in the company’s records and invited team members to either confirm or query the amount calculated by 18 June 2018. 

Holiday Pay claims will now be settled in full at the contractual rate which was in force during the period in which the holiday was accrued.  All payments will be subject to the deduction of Income Tax and National Insurance at the basic rates as the Administrators are unable to use the personal allowances of team members when making this payment.

In the letter dated 25 May 2018 we advised that we expected claims for holiday pay to be paid some 4 weeks after 18 June 2018 and accordingly, we have commenced with these payments on 16 July 2018.

If you elected to be paid directly into your bank and the Administrators hold your bank details, the payment will be processed on 16 July 2018 and can take up to three working days to appear in your account. Otherwise, you will be paid by cheque. The cheques are being printed and sent out from 18 July 2018 so please allow 7 working days from this date for the cheque to arrive.

The Administrators would like to thank you for your patience whilst we have calculated and processed these claims.

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