Section 187(1)

On the winding up of a company (whether by the court or voluntarily), the liquidator may, subject to the following provisions of this section, make any payment which the company has, before the commencement of the winding up, decided to make under section 247 of the Companies Act 2006(power to provide for employees or former employees on cessation or transfer of business).

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Source: legislation.gov.uk · retrieved 2026-09-04