If this sounds like you
I do not know what to tell my staff
How to prepare for honest, careful communication without creating unnecessary alarm.
You may recognise this
- Staff are asking about late wages, suppliers or rumours.
- You fear key people will leave.
- You are unsure what can legally or responsibly be promised.
What to do now
- Confirm what is known, unknown and confidential.
- Plan who communicates and when.
- Take advice if redundancies, transfers or a formal process may follow.
What to avoid
- Making assurances that cannot be supported.
- Sharing confidential personal or creditor information.
- Letting different managers give conflicting messages.
Useful information to gather
Do not wait for everything to be perfect. Start with what is readily available.
- Payroll position
- Employee and consultation information
- A short agreed factual update
Why timing matters
Earlier action can preserve time, information and choice. Waiting for certainty can allow cash, legal or creditor deadlines to decide the next step for you.
Would you like to talk about this?
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Related next steps
This page provides general information, not advice about your company or personal position. Formal deadlines may require immediate advice from a solicitor or licensed insolvency practitioner.