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AM Limited

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    AM Limited

    Hi all,

    Another first poster, I have been a contractor for 5 years now and have been doing very well thank you. I have been using Atlantic Umbrella who have great service, at a cost which is rather exorbitant. I am looking around for a more efficient way to earn and to get as much of my contract value as I can. (Isn't everyone?!)

    I came across AM Limited recently who are IOM based and pay out via interest free loans set over every 3-4-5 weeks plus a minimum wage which they base your tax/NIC on. The example they sent me gives me 84% of my contract value in my pocket. It seems to good to be true and as most things that are too good to be true often are, I wondered if anyone else out there had experience of similar schemes or with this company in particular?

    They allege that they have been going over 10 years, but I can't really find much on Google about them. Anyone ever heard of/used them?

    Cheers
    Mark

    #2
    It's a scam. These 'loan' deals are being squashed by the taxman - there's loads of threads on here about them.

    If you've been going for 5 years, why aren't you Ltd?
    And the lord said unto John; "come forth and receive eternal life." But John came fifth and won a toaster.

    Comment


      #3
      Originally posted by MarkT View Post
      Hi all,

      Another first poster, I have been a contractor for 5 years now and have been doing very well thank you. I have been using Atlantic Umbrella who have great service, at a cost which is rather exorbitant. I am looking around for a more efficient way to earn and to get as much of my contract value as I can. (Isn't everyone?!)

      I came across AM Limited recently who are IOM based and pay out via interest free loans set over every 3-4-5 weeks plus a minimum wage which they base your tax/NIC on. The example they sent me gives me 84% of my contract value in my pocket. It seems to good to be true and as most things that are too good to be true often are, I wondered if anyone else out there had experience of similar schemes or with this company in particular?

      They allege that they have been going over 10 years, but I can't really find much on Google about them. Anyone ever heard of/used them?

      Cheers
      Mark
      Got a bargepole?

      Comment


        #4
        Originally posted by b0redom View Post
        It's a scam. These 'loan' deals are being squashed by the taxman - there's loads of threads on here about them.

        If you've been going for 5 years, why aren't you Ltd?
        WHS, 5 years!!! far to long to be with a brolly..

        Sniff sniff, can I smell a troll here ???

        Comment


          #5
          Originally posted by MarkT View Post
          Hi all,

          Another first poster, I have been a contractor for 5 years now and have been doing very well thank you. I have been using Atlantic Umbrella who have great service, at a cost which is rather exorbitant. I am looking around for a more efficient way to earn and to get as much of my contract value as I can. (Isn't everyone?!)

          I came across AM Limited recently who are IOM based and pay out via interest free loans set over every 3-4-5 weeks plus a minimum wage which they base your tax/NIC on. The example they sent me gives me 84% of my contract value in my pocket. It seems to good to be true and as most things that are too good to be true often are, I wondered if anyone else out there had experience of similar schemes or with this company in particular?

          They allege that they have been going over 10 years, but I can't really find much on Google about them. Anyone ever heard of/used them?

          Cheers
          Mark
          Hello Mark, i am using them at the moment, but i have a little concern for the BN66, so i have to re-think. They are good, but i dont know if is good for me.

          Comment

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