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Update Thursday 15 October 2015: SSI steel works: information for employees and creditors

22-Redcar-steel-plant-PASahaviriya Steel Industries UK Limited (SSI) has been wound up in the High Court and the Official Receiver has been appointed as liquidator.

The process to safely close down the coke ovens and blast furnace continues. The last coke was pushed from the ovens this morning.

PwC continue to assist and support the Official Receiver as special managers.

Information for employees

The Redundancy Payments Service has received online redundancy pay applications from over 80% of the SSI workforce. Applications are being processed by a dedicated team and some people will start receiving payments from tomorrow.

If you have applied for redundancy pay and not received a payment by 23 October 2015 you should call the Redundancy payments enquiry line – please listen to the menu and select the dedicated SSI option.

From Monday we will be in contact with the remaining employees who have yet to submit an application for redundancy pay.

You can also download Additional information (PDF, 178KB, 9 pages) .

Redundancy payments enquiry line

For enquiries about redundancy payments (9am – 5pm, Monday to Friday)

If you were self-employed and provided services to SSI you are not entitled to a redundancy payment. You will be a creditor in the liquidation.

Information for creditors

If you have supplied goods or services to SSI for which you have not been paid you will be a creditor in the liquidation. Part of the business is continuing to operate and suppliers will be contacted to establish the protocols and arrangements in respect of ongoing supply to the site. To make a claim for the money you are owed email the Official Receiverproviding your company details and the amount you are owed. Please put ‘SSI – creditor’ in the subject line of your email. If you do not have access to email you can telephone the Insolvency Enquiry Line.

Insolvency enquiry line

For information about the insolvency process contact the Insolvency Enquiry Line during office hours (9am to 5pm Monday to Friday)

Information for interested parties

The Official Receiver has been approached in respect of various assets at Redcar Steel Works and these approaches have or are being considered. There are a number of assets on the site including the coke ovens and the blast furnace. The Official Receiver will consider any approach for any asset, but the coke ovens and the blast furnace are no longer assets as going concerns and may only have break up value.

If you have an interest in purchasing the assets of SSI please contact theOfficial Receiver. Please put ‘SSI – Asset Purchase’ in the subject line of your email.

Information for suppliers

Any purchase orders issued by the Company before the winding up order should be considered cancelled with immediate effect. Any monies owing in relation to previous orders will rank as an unsecured claim in the liquidation. Please do not supply any goods ordered prior to the winding up order without the authorisation of the liquidator or one of his authorised representatives.

Goods and services supplied during the period of the liquidation will be paid for out of the assets coming into the hands of the liquidator provided that the order is in writing and signed by one of the authorised representatives. The liquidator is currently reviewing purchase orders issued by the Company before his appointment and is in the process of contacting relevant suppliers about those orders and providing them with details of the authorised representatives. On receipt of the first such order, you should open a new account in the Company’s name for goods or services provided after the appointment of the liquidator against duly authorised orders. It is essential that you include the liquidator’s order numbers on all invoices for goods and services supplied during the liquidation.

By admin