Payout for Palmer & Harvey employees
A group of former employees of wholesaler Palmer & Harvey have received a financial settlement 18 months after the wholesaler’s collapse.
The payment entitles employees to 90 days’ pay.
Former employees confirmed to betterRetailing that payments had cleared their bank accounts. However, the Insolvency Service has said a technical hitch meant some people have been underpaid, and will receive the balance shortly.
According to the administrators, the Redundancy Payment Service is still reviewing what will be paid to remaining claimants. Secured lenders, including banks, have been reimbursed.
The company ceased trading in November 2017 with debts of more than £700m. All but six of its 2,953 employees have now been made redundant.
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