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Garraway Consultants - Too good to be true?

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    Garraway Consultants - Too good to be true?

    Has anyone heard of or dealt with Garraway Consultants? Basically they're offering to get me about 85% of my contract rate, and that just sounds a little too good to be true, so I'm being cautious.

    #2
    Yes, it is too good to be true.
    "I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
    - Voltaire/Benjamin Franklin/Anne Frank...

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      #3
      Don't bother - here's my barge pole!



      Tone

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        #4
        I've had a similar approach from Origin Payment Solutions, they offered me a 84% take home rate on 100k.

        is all this a load of crpa or is it worth a look?

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          #5
          It's easy to 'get' 85% if you have lots of expenses but you don't actually 'get' 85% because you had to shell out in the first place.

          I have a rule of never dealing with any company with 'solutions' in their title.
          Science isn't about why, it's about why not. You ask: why is so much of our science dangerous? I say: why not marry safe science if you love it so much. In fact, why not invent a special safety door that won't hit you in the butt on the way out, because you are fired. - Cave Johnson

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            #6
            Originally posted by sn0wm0nkey View Post
            Has anyone heard of or dealt with Garraway Consultants? Basically they're offering to get me about 85% of my contract rate, and that just sounds a little too good to be true, so I'm being cautious.
            Be prepared that they could go bust and you could lose a sh!tload of money.

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              #7
              I just don't see the point of using a dodgy company for an 85% return.

              Just go and work for one of the ICT abusers and shack up with 15 other blokes in a single bedsit on minimum wage. These are the only jobs that'll be left soon.

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                #8
                Originally posted by ChimpMaster View Post

                Just go and work for one of the ICT abusers and shack up with 15 other blokes in a single bedsit on minimum wage. These are the only jobs that'll be left soon.
                Don't be ridiculous, they run a closed shop.
                Science isn't about why, it's about why not. You ask: why is so much of our science dangerous? I say: why not marry safe science if you love it so much. In fact, why not invent a special safety door that won't hit you in the butt on the way out, because you are fired. - Cave Johnson

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                  #9
                  Garrway Brochure

                  This is the details in the pdf brochure they sent me:

                  When you join Garraway Contracts you become
                  an employee of Garraway Contracts. Garraway
                  Contracts invoice your client for the services
                  you provided at your agreed rate. Garraway
                  Contracts pay you a salary equivalent to the
                  national minimum wage which is then subject to
                  PAYE.
                  As an employee of Garraway Contracts, we will
                  deduct all necessary tax and national insurance
                  liability from this salary prior to paying you.
                  The remainder of the contract value becomes
                  the profits of the company.
                  To process the rest of your income, Garraway
                  Contracts agree to a rolling credit facility with
                  you. This rolling credit facility is employment
                  related for tax purposes. As you pay interest on
                  the rolling credit facility at official rate, it is tax
                  free. The rolling credit facility will be enough so
                  that, after the payment of tax on your salary
                  and interest on rolling credit facility, your net
                  income plus the rolling credit facility amount,
                  add up to an agreed percentage (typically 90%)
                  of the contract value.
                  The employed status of the solution will mean
                  that you should not have to complete a tax
                  return for the income earned through Garraway
                  Contracts. It’s worth noting however, that you
                  may need to if you have other sources of
                  income.

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                    #10
                    Site says "Supported by QC opinion". But so was montpelier and the S58 stuff.....

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