Agency went bust, defaults on money owed

[borisspider]

Hello All,

I just need a quick advice in this case.

I worked as a contractor for a big UK bank, I was paid through a recruiting agency, the bank had a list of approved agencies that they worked with.

This agency went bust and I have an unpaid amount of £6k, after liquidation of the agency assets, it is highly unlikely I will see any of this moeny back.

The reason provided by the agency was that they lost the contract with the aforementioned big bank.

I know this was caused most likely because of bad administration by the agency, but I'm willing to take this up to court, I'm thinking about putting the bank to court as they ended the contract with the agency and never told any of the contractors, months later the agency went bust because of that.

Does anyone have any advice on this? It will be really appreciated.

Thanks all.

[eek]

Give up and write the money off. Its just not worth the pain or effort.

[malvolio]

WHS. If the agency have gone bust there is a long list of people ahead of you who have a claim on any money they do have.

Bet you wish you had PCG Plus membership now though... In fact, you still could, for next time

[northernladuk]

Hello All,

I just need a quick advice in this case.

I worked as a contractor for a big UK bank, I was paid through a recruiting agency, the bank had a list of approved agencies that they worked with.

This agency went bust and I have an unpaid amount of £6k, after liquidation of the agency assets, it is highly unlikely I will see any of this moeny back.

The reason provided by the agency was that they lost the contract with the aforementioned big bank.

I know this was caused most likely because of bad administration by the agency, but I'm willing to take this up to court, I'm thinking about putting the bank to court as they ended the contract with the agency and never told any of the contractors, months later the agency went bust because of that.

Does anyone have any advice on this? It will be really appreciated.

Thanks all.

I think grasping at straws is an understatement here. The contract is between you and the agency. The agency have a separate contract with the bank. What happens between them has nothing to do with you. It is not up to the bank to advise you of anything, you are contracted by the agency. No way can you hold them liable for anything, the agency might but it appears they couldn't as they haven't taken action. You need professional advice on this one, not a free forum.

I would also imagine that it will cost a hell of a lot more than £6k to find this out and I wouldn't expect you to get work with that bank ever again.... no correction, any bank again. They might be competitors but its a small world in banking contracting.

[Mich the Tester]

Hello All,

I just need a quick advice in this case.

I worked as a contractor for a big UK bank, I was paid through a recruiting agency, the bank had a list of approved agencies that they worked with.

This agency went bust and I have an unpaid amount of £6k, after liquidation of the agency assets, it is highly unlikely I will see any of this moeny back.

The reason provided by the agency was that they lost the contract with the aforementioned big bank.

I know this was caused most likely because of bad administration by the agency, but I'm willing to take this up to court, I'm thinking about putting the bank to court as they ended the contract with the agency and never told any of the contractors, months later the agency went bust because of that.

Does anyone have any advice on this? It will be really appreciated.

Thanks all.

It’s happened to me before, I lost about 25k euros, and I can sympathise, but I don’t think you’ll stand a chance against a bank that can afford to let the case drag on and on until you give up. Anyway, you had a contract with the agency, so it was the agency's responsibility to tell you if something affected your position, not the bank. I’m afraid the only advice I can give is to accept you’ve lost the money, put your time and effort into the next contract and put it behind you. Really, there’s no point investing your valuable time in chasing money you won’t get. Sorry if it sounds hard as I understand how you feel, but there's no point in raising your hopes.

[mos]

Give up and write the money off. Its just not worth the pain or effort.

WHS. I've been there, lost time, nerves and money.

[BrilloPad]

Does anyone have any advice on this? It will be really appreciated.
Thanks all.

Assuming you are not a sockie then forget it and move on. The money is unrecoverable. The end client had nothing to do with it.

If it makes you feel better find out who the directors were and their home addresses. But IMO don't waste your energy on that either.

Assuming the 6k was in one invoice then not much you can do.

BTW after the agency went bust presumably you went direct?

[SimonMac]

WHS. If the agency have gone bust there is a long list of people ahead of you who have a claim on any money they do have.

Bet you wish you had PCG Plus membership now though... In fact, you still could, for next time

What differences would PCG Plus membership give?

[scope]

Instead of looking at it as 6k lost, look at it as 10 points gained in the IR35 Business Entity Test from HMRC.

[northernladuk]

What differences would PCG Plus membership give?

What insurances are included with PCG membership? | PCG

It says Agency Failure and Default Insurance on that page but the link isn't working. Must have offshored management of their website