Saka Light Cavalry

Saka Light Cavalry

Monday, 21 January 2013

I Was Robbed


I have just got the last of my redundancy after being made redundant over a year and a half ago. Not that it was the full entitlement, oh no costs have to be accounted for. Anyone not aware of the process when your made redundant when a company is first bought out and then folded. All staff get via the Government any outstanding wages, holiday pay and a proportion of their redundancy capped at £400 a year. Any excess comes from the pot of money after the Government has had any money due to it. Other creditors only get a proportion of what is left AFTER we get our share so obviously we have a good chance of getting our dues right?

Not quite, in fact not at all. You see we are NOT directly behind the Government, the nice professional people who come in to administer the monies and asserts of the now deceased company get THEIR share before us and boy do they know how to get it.

Our Company still had over £40,000 in the pot when six months ago when they sent out letters to all the staff saying they had another £20,000 they felt they had a good chance of recovering and so was seeking to extend the usual twelve month action period. So in the letter I was given the option of agreeing to the extension or basically leaving it to them to decide if to do so (No I am NOT kidding!!!) Well given the number of staff we had that £40,000 would have paid all of us our dues. Now fast forward six months.

I got my cheque, but before that I received a letter stating if I wanted the break down I could go on line or ask for a copy in writing which they would supply at NO COST. My cheque was for a whopping £64 and change. Er rather less that I am owed, when I say less I am talking well over a thousand pounds short. The explanation partially comes from the two charges listed below.

Charge to send me a letter telling me they can supply information at no cost, £98 and some change
Charge to send me my cheque, yes you guessed it, £98 and some change.

Not that I was charged for this please understand that, no it was the fund. Now they did nothing wrong, nothing criminal, nothing that was morally right either. They have literally spent 18 months fleecing the fund at £98 plus change for every action they have taken. Be that a phone call, a letter or God forbid a visit. Even at such mind numbing charges they still could not spend the full fund so extended the period to guarantee they could take even more money. Understand this EVERY letter is just under £100 a pop, a phone call to check a store has opened was £100 bar peanuts. Of course that was about ten stores so in less than ten minutes we were charged around £1000. It was a small miracle that any money was left after the 12 month fleecing had passed. Oh just in case you have not guessed the £40,000 did not become £60,000 it ended at about £20,000 how ironic. Still you got to laugh, or so they would tell me if I paid them £100 to phone me up  ;-)

21 comments:

  1. Bloody hell, talk about take the piss!

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  2. "Administrators" are top-flight thieving A-holes is all I can say, and they always seem to appoint one of the big (ie highly expensive) accountancy firms, the same ones who failed in their annual audits to spot that the company was in financial trouble.

    £98 for a letter or phone call? I'd love to be on the hourly rate that those accountants must be on.

    Sorry to hear you've been screwed over.

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  3. Name the Administrators company. Blog it. Facebook it. Go to the papers (local or otherwise). Expose them for the thieving barstewards they are!

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  4. I may be legal but its totally immoral and not very ethical either sorry to here this bad news.

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  5. Nice little racket they have going there. If they can keep that up the chaps at the top might even get a knighthood out of it.

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  6. Wow, bureaucracy at its best(/worst).

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  7. Their place is assuredly reserved in the seventh level of Hell. For anyone who has seen 'Devils Advocate'... this will come as no surprise...

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  8. £98 for a phone call, I thought those charges were only for those naughty numbers. Sound like a cappy year for you hope things are picking up
    Peace James

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  9. Holy Crap!!! I see that I am clearly in the wrong job!! If I could charge like that I could pay someone to paint my fig's!!

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  10. So very sad; truth is stranger than fiction. Could any of us devise such a thing for one of our games?

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  11. The people who do that maths must be Morally and Ethically bankrupt. Greed...pure greed. I don't get how the financial world gets away with this crap! The occupy Wall Street protesters had some very good points about these assholes!

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  12. Wow that was a lot of response and thanks to all. It was good to vent but in reality I knew this would be the likely outcome. I still count myself as lucky I was made redundant as it allowed my condition to be found. Without that I would have continued putting down the low energy etc down to long hours and given the damage I have done to such as my Liver it could have been too late to save it. Given I am automatically banned from the Liver transplant list (not being an alcoholic has been football star) I have to stick with this one. The good news on that front is that my iron levels are almost normal now and treatment will drop back from two weekly to somewhat less. Bad news is the fatigue has yet to lift enough for a more normal level, still I am better than I was this time last year. At least I have my painting to keep me going forward.

    Ian

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  13. Just terrible. It's a good thing though that you were able to stand on the moral high ground. I'm think you could pursue some legal action there if you reviewed their policies about their transactions. And also your health update is a bit worrisome and this was last year. I hope you're doing much better this year. The best of health to you, Ian!

    Richard @ RDF Attorney

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