I was forced by a re-seller to use an agency that has gone into administration, owing me several unpaid invoices. The agency was part owned by the re-seller and shared a lot of business. The re-seller refuses to acknowledge any debt to me, directing me to the administrators. What can i do ?
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Agency has gone into administration owing several invoices
Collapse
X
-
-
Originally posted by simonb1 View PostI was forced by a re-seller"Don't part with your illusions; when they are gone you may still exist, but you have ceased to live" Mark Twain -
Contract was with the agent not the re-seller so thats where you have to go. The administrators would have to investigate the links and if anything is recoverable.
Do you have IPSE+ membership so can claim on the business interruption cover?'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
-
Doesn't the re-seller want you anymore? Can the put you through a different agent? You aren't still working for them are you?'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
-
If you are still working for the client raise your fees due to 'operational risk' to claw back some of what is owed. They are obviously a dodgy bunch based on the setup you describe so don't expose yourself to any more risk than you can live with. i.e. any future work is paid in a shorter time scale so there's no chance of going unpaid for multiple invoices. You 'down tools' if an invoice is unpaid in the agreed timescale.
If you're moving on then not much you can do but ensure your debt is registered with the administrators. With a bit of luck they'll go after the re-seller company due to any cross ownership, but expect and prepare to get nothing significant back from what you're owed so you can plan accordingly financially wise.
Depending on the accounting method (cash or accrual) you may be able to offset the unpaid invoice as a loss against profits to reduce tax, so worth checking with your accountant if you have one.Maybe tomorrow, I'll want to settle down. Until tomorrow, I'll just keep moving on.Comment
-
Also please name the reseller and agency so we know to avoid any new companies they may spin up...Comment
-
Originally posted by Cirrus View PostNot seen that term before in a contracting context.Comment
-
The key here is - are you still working with the end client?
If so, speak to them about your situation; they may be able to get the contract terminated and get you through a different agent on better terms.The greatest trick the devil ever pulled was convincing the world that he didn't existComment
-
If you are still working for the end client.... Why?????'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
-
still with the end client
I'm still with the end client - the re-seller and a new agency. The re-seller moved me to the new agency with the promise of paying the unpaid work and then 3 weeks ago after finishing the transition all new contracts signed, reneged on the promise. The client is leaning on the re-seller to find a solution but it is coming clear they will do nothing. The client has told me legally there is nothing they can do, they are sympathetic to me and are quietly suggesting I work for them through another route at a higher rate. My relationship with the client is very important.Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Spot the hidden contractor Dec 20 10:43
- Accounting for Contractors Dec 19 15:30
- Chartered Accountants with MarchMutual Dec 19 15:05
- Chartered Accountants with March Mutual Dec 19 15:05
- Chartered Accountants Dec 19 15:05
- Unfairly barred from contracting? Petrofac just paid the price Dec 19 09:43
- An IR35 case law look back: contractor must-knows for 2025-26 Dec 18 09:30
- A contractor’s Autumn Budget financial review Dec 17 10:59
- Why limited company working could be back in vogue in 2025 Dec 16 09:45
- Expert Accounting for Contractors: Trusted by thousands Dec 12 14:47
Comment