Cant afford to pay redundancy

Chickenman1108

Hi all,
Just after a quick bit of advice.
I run a small business. It's looking increasingly likely that my business will not survive due to the current economic climate. As such I am going to have to let some staff go as I cant afford to contribute to their furlough pay in September (I plan to try and continue to run the business in the short term and hope that trade picks up).
My staff has never had contracts, however I was able to furlough them as they were on the PAYE payroll prior to March.
Am I obliged to pay them any sort of redundancy if they were not contracted? I seem to be finding conflicting information.
To be clear, it's not that I dont WANT to pay them redundancy - I just simply dont have the funds to do so. 
Thanks very much

p00hsticks

Your staff HAVE had contracts - the fact that you've employed them and put them on your payroll and they have turned up to work is evidence of that. You just may not have put in writing like you should have. In evidence of a contract saying anything else they are eligible for statutory redundancy if you've employed them for more than two years, otherwise you can let them go with the required (paid) notice.

https://www.gov.uk/redundancy-payments-helpline

https://archive.acas.org.uk/noticeperiod