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Interviewing for a Company in Financial Difficulties

Laura

Are there ever any circumstances where you would interview for a role where a company is making considerable turnover, but is making thousands of pounds loss for the last 2 years and defaulted on a bank loan?

To add a little context, the CEO was replaced at the back end of 2018 (after the accounts had been completed) and there seems to be lots of changes happening across the company, but cannot see how a business would survive in this way.

Any thoughts? I am planning on having the conversation with the employer to demonstrate my commercial awareness anyway, just wondering if it is worth my time.

L 

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  • Hi Laura,

    I once took a permanent job across two companies (under the same parent company). One of those companies folded and so less than six months later I had to make everyone redundant and deal with the winding down of the company. There wasn't enough work from the second company so I was also made redundant.

    When I interviewed for my next role, I was asked whether I would've taken that job if it had been a FTC purely to execute all of the above. On reflection, had that been the case, I would've felt a lot more mentally prepared for what was a lot of tough unpleasant work in an unhappy environment and I would've felt a lot more comfortable about my own position had I know I was just there for six months to do a specific job.

    Having said all of that, experience is never wasted and it was certainly one for the CV!
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  • Hi Laura,

    I once took a permanent job across two companies (under the same parent company). One of those companies folded and so less than six months later I had to make everyone redundant and deal with the winding down of the company. There wasn't enough work from the second company so I was also made redundant.

    When I interviewed for my next role, I was asked whether I would've taken that job if it had been a FTC purely to execute all of the above. On reflection, had that been the case, I would've felt a lot more mentally prepared for what was a lot of tough unpleasant work in an unhappy environment and I would've felt a lot more comfortable about my own position had I know I was just there for six months to do a specific job.

    Having said all of that, experience is never wasted and it was certainly one for the CV!
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