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The company will almost certainly have broken some part of the Health & Safety at Work Act 1974 for failing to keep its employee safe. Obviously you can't imprison a company, but its directors can be prosecuted for failing to ensure a safe workplace and the punishment on conviction would be a large fine.

If the company isn't insured for employee accidents, it could be prosecuted for that too.

That takes account of criminal law. In civil law the employee can sue for compensation.

So that's potentially three court cases the company could end up in, all very expensive

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Q: What are the consequences to management if they do not abide by current legislation and regulations?
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