When staff go rogue

The background
Business owners should never underestimate the value of their staff. We have worked with two companies where issues with staff members developed. In one case there were issues with the standard of work and in the other a group of the staff left and set up their own similar business.

For the company directors of these businesses, it meant that there was a hole in resources which in turn impacted on the business service levels. Also, a ‘sour taste’ was left behind, as the directors had to pick up the pieces and evaluate what the impact was on the continued trading of the companies.

‍What happened next?
After regrouping, the directors of these separate companies soon realised that trading could not continue, and they needed some sound advice about how to move forward. In both cases, the directors discussed this with their accountants who then referred them to Even Keel Solutions.

Whilst discussing the way forward it became evident that the directors of both companies were bitter that their businesses had been forced to cease trading, in their eyes because of the actions of the former employees.

The end result
Dorothy Brown, licensed Insolvency Practitioner at Even Keel Solutions says “I think that this is a good reminder that the majority of directors do not take the action of ceasing to trade lightly, especially with the subsequent issues around the remaining employees, and their own reputations emotions are also part of the process.

This can be why some companies may limp on longer than would seem viable. When a director has spent years building a company, working hard to provide for them their family and their employees, it cannot be easy when as a result of the actions of one or more employees, their company has to stop trading.”