Veritas-IT - unpaid invoices.....

[WWVeritasContractorsUnion]

Veritas contractors

Hi,

we (around 70 contractors) are contracting for Veritas-IT.

Some of us haven't been paid since Feb 07, while others since July 07.

We are in the process to look after all the contractors impacted by the collapse of Veritas-IT.

If yourself you are impacted, we would highly appreciate if you could join our forum (private) in order to unify our effort to get paid.

http://veritas.247it.com

The more we are, the more we can claim.

[bigD]

Hi,

we (around 70 contractors) are contracting for Veritas-IT.

Some of us haven't been paid since Feb 07, while others since July 07.

We are in the process to look after all the contractors impacted by the collapse of Veritas-IT.

If yourself you are impacted, we would highly appreciate if you could join our forum (private) in order to unify our effort to get paid.

http://veritas.247it.com

The more we are, the more we can claim.

I've just checked this site out and it's stating to do the following:-

'It is strongly advised to:

* Starting from Sept. 25th, 07 do not issue any timesheet before a final decision have been taken regarding the unpaid invoices.
* Timesheets before Sept. 25 must be faxed to Veritas-IT: Whether or not the fax rejects the timesheets, the report must be kept
as proof that an attempt to send timesheets and keep in line with the contract was made.
* Contractors seeking for an umbrella must sign their contract ASAP if they want their interests to be defended by the umbrella'

Has this web-site been set up by the Directors of Veritas Recruitment?

Who has the authoirty to give the information as stated above?

Who would request timesheets be sent in except for the Directors?

Is this a scam for contractors to send in the timesheets so Veritas Recruitment can chase the debt from the client and for the contractors never to receive any money or am I missing something here and just panicking that the crooks are up to something.

[bubblensqueek]

Veritas IT - Unpaid Invoices

What do I know ....

Veritas IT is not actually in administration as yet. The administrators have not formally been appointed but this will happen imminently. Once this has happened then you can write to them and make your claim.

Info on the directors of Veritas IT can be found via the Companies House website tho you will have to pay a small charge for this info.

As an unsecured creditor myself I believe that I am bottom of the pile as far as getting any money back is concerned. Veritas IT have cash flow issues and the bank will have first call. Incidentally it's not just us contractors who are owed money, the Veritas IT employees are too.

Any solid legal advice would be welcome. Is it worth getting a solicitor on a no win no fee basis?

Insurance cover is also worth looking at. The PCG provide an example of this but their max cover is currently quite low. Unfortunately there seems to be no industry cover such as you get if you bought a holiday from an ABTA bonded travel agent.

While we wait for something to happen I suppose we just have to get on and get another job.

Good luck.

[outofwork]

Sorry Cheesedoff but at least 2 or the 3 directors seem to have forgotten about the 150 odd people they were responsible for. They are off looking for new jobs. Totally not human beings if you ask me. How can you just forget about this mess they have put everyone in. Maybe they think time heals and it will all go away!! I for one will not let this go away. How dare they do this.

[mikekzn]

join thr group

Sorry Cheesedoff but at least 2 or the 3 directors seem to have forgotten about the 150 odd people they were responsible for. They are off looking for new jobs. Totally not human beings if you ask me. How can you just forget about this mess they have put everyone in. Maybe they think time heals and it will all go away!! I for one will not let this go away. How dare they do this

url: http://veritas.247it.com/

[i_want_my_money]

To Clarify

Hello fellow sufferers

So this is the situation as I understand it:

1. The contract between my umbrella company (signed by me) and Veritas still stands
2. If I work today for my client, the money that is due to me will go to the administrators and I will not see any of it (or maybe 3p in the pound)
3. My client can not employ me or use another agency as there is a 6 month clause against doing so

I have taken leave for today, should I also give notice (a week) on my contract?

Thanks

Keith

[WindyAnna]

Keith

My advice from the experience with Futuro is to speak to your client, get them to exert pressure on Veritas (or the administrators when they are finally appointed) to end the contract.

If the client makes it clear that they no longer want to work with Veritas and that they are prepared to do this in one of two ways -

(a) give notice to all contractors (veritas lose anyway and so do the contractors) or
(b) agree contract severence including all clauses in it (Veritas lose but the contractors don't)

In our case with Futuro they did agree to the severance and we swapped out contracts to a new agency and stayed with the client. It meant we lost money for time worked to that point but at least we could invoice a new agency going forward.

If you are pretty certain you can get another job then notice may be easier.

Good luck

Windy

[funkyd]

My advice from PCG was that as I was opted-in to the employment regulations the client is free to take me direct. Also, the breach by Veritas is so serious (non payment for several months) that you can accept their repudiatory breach as grounds for immediate termination without any liability or obligation under the terms of the contract.

On balance a judge would at most order you to pay them their commission and order them to pay you your monies.

[thescoobydoo]

The company cannot pay its debts, the company is still trading, therefore the company is now technically insolvent, this means that all the directors are going to be looking at paying out of their own pockets now, get in!!!!!!!

This will hopefully mean they will have to actually do something rather than have their head in the sand.


http://www.insolvencyhelpline.co.uk/...in-trouble.htm


Running a company today can be volatile and it is likely that a number of companies will run into financial difficulty.

Directors must make an early decision on whether the business should cease to trade. Failure to do so may result in the directors having to contribute personally to the company's losses and be heavily investigated by the Department of Industry (DTI).

Under UK law, if a company is trading insolvent, a director may be liable for wrongful trading. If the director knew or should have known that the company could not avoid becoming insolvent but still continues to trade then he or she must cease to trade immediately and take steps to liquidate the company.

The director of a company which is facing financial difficulty should ensure that there is a reasonable prospect that the company will avoid insolvent liquidation before being party to any decision to trade on.

[bigD]

My advice from PCG was that as I was opted-in to the employment regulations the client is free to take me direct. Also, the breach by Veritas is so serious (non payment for several months) that you can accept their repudiatory breach as grounds for immediate termination without any liability or obligation under the terms of the contract.

On balance a judge would at most order you to pay them their commission and order them to pay you your monies.

This is pretty much similar to the information I received from a solicitor. However, each contact may be different so can I suggest contractors/ex-employers call the 'Law Society' and the Citiizen Advice Bureau. Both have been extremely helpful to me.