The Compendium

• half a week’s pay for each full year they were under 22
• one week’s pay for each full year they were 22 or older, but under 41
• one and half week’s pay for each full year they were 41 or older Length of service is capped at 20 years.

Their weekly pay is the average they earned per week over the 12 weeks before the day they received the redundancy notice.

If the employee was made redundant on or after 6 April 2022, their weekly pay is capped at £571 and the maximum statutory redundancy pay they can get is £17,130. If they were made redundant before 6 April 2022, these amounts will be lower.

This weekly amount is updated on an annual basis.

[See ‘Unfair Dismissal’ and ‘Redundancy’.]

Strict Liability

Strict liability crimes are those which require no proof of intention in relation to one or more aspects of the illegal actions.

An example of such an offence is selling alcohol to a minor. Also, serving a drunk person alcohol.

All of the offences in insolvency and restructuring must be proven in line with the conditions of statute.

Striking Off

Incorporation is the ‘birth’ of a company, after which it is a legal entity which can contract, litigate and purchase and own property in its own name. Dissolution, at the end of the lifeline, is the death or end of the company. At the end of the dissolution process the company will be ‘struck off’ the formal register of companies.

The dissolution of a company is the last stage after the process of winding-up by a Liquidator. The process of dissolution of a company results in the termination of