Ltd Company Details Doc

[Clippy]

I get the impression that a lot of this document gathering is done 'in case' they require it in the future to save them having to scuttle about looking for it after the event, so to speak.

i.e. they are getting you to run around now as you are keen for the gig so that they won't have to at a later date.

[NickNick]

Do you know what Sandersons payment schedules are? I dont want to wait a month for the first payment.

Thanks

From personal experience, it was 30 days in arrears from the last firday of a month. If you missed that date then you had to wait until the next run (i.e. 60 days from the end of the month you worked and therefore somethin glike 90 days frmo the first day of contract, but that is a worst case). In reality, they screwed up 9 out of the first 10 months payments and were late on something like 23 out of the first 24.

They even forgot to invoice the client including VAT at one point and tried to recover it from me. They also got the figures wrong on an extension and so were paying me a rate that we had agreed, but they were billing the client less than that. Again they tried to recover this from me.

HTH
NN

[Badger]

Thanks NN

This really annoys me My invoice terms are due immediately, why should I be held to ransom because the agencies payrun is only 1 per month. I'll be looking for that term in the contract and contesting it.

I'm tempted to add LIBOR + 1% for late payments, anyone else done this succesfully?

[malvolio]

Thanks NN

This really annoys me My invoice terms are due immediately, why should I be held to ransom because the agencies payrun is only 1 per month. I'll be looking for that term in the contract and contesting it.

I'm tempted to add LIBOR + 1% for late payments, anyone else done this succesfully?

Funniest thing I've read this week (OK, there's plenty of time to go yet...)

If you want paying one day after your invoice goes in, or you can't manage your cashflow well enough to cope with a 30 day turnaround, I suggest you get a permie role. Otherwise, 30-90 day payment terms are a fact of business life, learn to live with it

[Badger]

For the passport: Letter on YourCo letterhead stating that YourCo has confirmed that your are who you say you are and indemnify the agency.
Proof of residence: Ignore - IMO, this is for permies
Limited co details: Letter explaining this information is freely available from Companies house
Referees: Letter saying that referees will be provided to ClientCo on receipt of written request from ClientCo

Has anyone quoted the Data Protection Act forthe passport and proof of residence? I'm constructing a letter and want to say something like:

"With reference to your request for copies of passport and proof of residence it is not <My Co's> policy to give out this information on any <My Co> employee due to the Data Protection Act (1998), potential for identity theft and the risk of this data not being stored securely at third parties. <My Co> has confirmed the identity of all it's employees and indemnify the agency if proven incorrect."

Thanks

[Badger]

Funniest thing I've read this week (OK, there's plenty of time to go yet...)

If you want paying one day after your invoice goes in, or you can't manage your cashflow well enough to cope with a 30 day turnaround, I suggest you get a permie role. Otherwise, 30-90 day payment terms are a fact of business life, learn to live with it

As always a constructive helpful post. Perhap I should offer buy now pay 2009 terms.

[malvolio]

As always a constructive helpful post. Perhap I should offer buy now pay 2009 terms.

Whatever. I've been running on 30-60 day payment terms for most of the last 15 years, and I ain't gone bankrupt yet. YMMV of course.

As for the Identity thing, a copy of the back page of your passport taken by YourCo and certified as perfectly valid is sufficient proof of identity. Otherwise you have to present the passport in person to whoever wants the proof, and they may then take a copy for their own records in your presence. Any other variation is not actually a valid proof.

However agencies now have a legal requirement or two to satisfy that require proof of ID and residency, it ain't going to go away so we wlill all ahve to cope with it. Blame the EU and this pointless petifogging government.

By all means get precious about the data but (a) your ID is in the public domain as a company director anyway and (b) you most likely won't get the gig.

[Moscow Mule]

...

However agencies now have a legal requirement or two to satisfy that require proof of ID and residency, it ain't going to go away so we wlill all ahve to cope with it. Blame the EU and this pointless petifogging government.
...

I'm not a temp, the agency is not employing me.

AIUI, there is no legal requirement for the agency to gather this info in a b2b relationship.

[Badger]

Those are my thoughts aswell MM. If My Co employs 5 consultants with the same skillset would I have to supply passport/address details for all of them?! Makes no sense to me

[malvolio]

Makes perfect sense. It's nothing to do with your work or how your contract is arranged with the end client, it's about you personally.

The agency find themselves in the position where they have to be able to guarantee to HMG that the workers they are placing are allowed to work in the UK - which sort of requires they have proof of who you are - and that you are not breaching the latest flavour of the money laundering regulations (and a few peripheral side effects like checking you aren't obviously operating a VAT carousel fraud).

And it has no impact on IR35 or global warming, before you ask