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Unsecured dividends On 1 October 2024, the Liquidator declared and paid a first and final distribution to unsecured creditors of certain of the Thomas Cook UK liquidation entities. Distributions were made in respect of the following Thomas Cook employing entities:
The Special Managers wrote to the employees of these entities in March 2024 to advise that funds were available for distribution to unsecured creditors and provide details of any amounts due to them. Details of all entities with funds available to make a distribution and the outcome in respect of each entity can be found at www.gov.uk/Thomas Cook. For any other Thomas Cook UK liquidation companies who have NOT declared a dividend, this means that they have no funds available for distribution to their unsecured creditors. All unsecured distributions were made by cheque with deductions for Income Tax and National Insurance Contributions where applicable. If you have any queries in respect of deductions made, once your distribution has been received, you should contact HM Revenue & Customs. Preferential dividends The Liquidator issued their Notice of Declaration of Dividend to preferential creditors of Thomas Cook In Destination Management Limited on 29 December 2023, with payments for claims sent by cheque on the same date. The Liquidator issued their Notice of Declaration of Dividend to preferential creditors of Thomas Cook Group Plc and MyTravel Group Limited on 1 November 2023, with payments for claims sent by cheque on the same date. The Liquidator issued their Notice of Declaration of Dividend to preferential creditors of Thomas Cook Airlines Limited, Thomas Cook Money Limited and Thomas Cook Services Limited on 8 March 2023, with payments for claims sent by cheque shortly after. The Notices were issued pursuant to Rule 14.35 of the Insolvency (England and Wales) Rules 2016, confirming the first and final dividend to preferential creditors of those companies. The preferential dividend rate was 100 pence in the pound and as such, the preferential creditors of those companies have been paid in full. All dividends If you have received a cheque and have queries in relation to your dividend please refer to the Special Managers’ letter as issued to you setting out the details of your claim.
If you did not receive a letter from the Special Managers, then it is likely that your employer is not one of the companies listed above. If you believe that your employer is one of the companies listed above, please contact Evolve IS, by email to tcclaims@evolveis.uk and provide any relevant documents which may support your claim. Following six months from the date of the dividend, all cheques which have not cleared have been/will be cancelled and the proceeds forwarded to the Insolvency Service, Estate Accounts Directorate, Unclaimed Monies Team, PO Box 3690, Birmingham, B2 4UY. If you believe your cheque was cancelled, please submit a claim to the Insolvency Service. To make a claim, creditors should contact the Insolvency Service by email at: Thomascook.liquidator@insolvency.gov.uk and put the respective company as the subject. The transfer of responsibility to the Insolvency Service is a routine step which requires the liquidator of an insolvent company to transfer unclaimed dividends to the agency six months after the cheques were issued. The agency will hold the funds for the next six years, after which it will return any money that remains unclaimed to HM Treasury, however, this does not affect creditors’ rights to claim funds after the six years has passed. For further guidance on employee claims, please refer to the following Employee FAQ guide. Should you have any queries, please do not hesitate to contact TCUKemployees@alixpartners.com. |
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