Agent gone bust

[dack]

Why not all chip in and get an IT contract law specialist like egos on the case? It would probably be under £50 each and your LtdCo would pay anyway. That's got to be worth a punt, surely?

Cheers, email sent, worth a punt if they ask for £50 a man.

[RichardCranium]

Cheers, email sent, worth a punt if they ask for £50 a man.

Well done. Some of the advice above has been completely wrong and I've been itching to wade in and start an argument. But you've got a grown-up problem and need grown-up guidance.

egos - Roger Sinclair - has been known to IT contractors for over ten years. He ain't the cheapest but he definitely knows his stuff and understands our issues. I have used him once in the past and he saved me from making a very expensive mistake.

(I am assuming if you go to him as a gang for advice he won't charge each of you full price! But if my estimate was way low, at least you'll be able to say you tried.)

[perplexed]

As suspected pendragon have resurfaced pretty quickly; tell tale sign was a director of Pendragon posting an ad on Jobserve for the new company - identical text to that of a role posted by Rich Crowcombe of Pendragon not that long ago.

[SuperZ]

As suspected pendragon have resurfaced pretty quickly; tell tale sign was a director of Pendragon posting an ad on Jobserve for the new company - identical text to that of a role posted by Rich Crowcombe of Pendragon not that long ago.

Surely not advertising a met office role FFS?

Link please ?

[malvolio]

They seem to be advertising permie roles, which is less of a problem financially since there's no ongoing cashflow involvement. They may even be outstanding commitments that need to be completed to keep the receivers happy.

[Darren_Test]

I am yet to understand how can agency can go burst..? I can see RBS & Lloyds investing in US & going burst..But only cost to agency is paying peanuts to pimp-recruitment agents. I believe most of them work commission basis. So if no contract not to pay big salary as well. So how can they go burst..? Unless they invest in Dubai properties..??

[perplexed]

No, the new role is definitely a contract, not at Met Office either.

http://www.jobserve.com/Java-Develop...F4AF4422.jsjob

As for going bust, ever seen la belle Maxine? Takes a lot of cash to maintain that wondertan...

[SuperZ]

I am yet to understand how can agency can go burst..? I can see RBS & Lloyds investing in US & going burst..But only cost to agency is paying peanuts to pimp-recruitment agents. I believe most of them work commission basis. So if no contract not to pay big salary as well. So how can they go burst..? Unless they invest in Dubai properties..??

Many reasons, I know where you`re coming from though. And it's not as if they had a lack of clients. Greed, cashflow, poor management. Can`t say they don't deserve it and I cannot personally feel sorry for their employees either (ie, RC aware of their practices, could have jumped ship to a better agency with integrity and ethics a higher priority than greed and lies).

[TheFaQQer]

I am yet to understand how can agency can go burst..? I can see RBS & Lloyds investing in US & going burst..But only cost to agency is paying peanuts to pimp-recruitment agents. I believe most of them work commission basis. So if no contract not to pay big salary as well. So how can they go burst..? Unless they invest in Dubai properties..??

If they have a couple of clients go bust without paying them, and they have already paid out to contractors, then they go bust.

HTH.

[SuperZ]

If they have a couple of clients go bust without paying them, and they have already paid out to contractors, then they go bust.

HTH.

Not if they have cash reserves as protection, rather than company drained of cash. Take one example, 15 contractors on one site = commission of minimum £75 a day = over £280,000 a year. Easy money, especially if those contractors are onsite for lenghty periods, and very easy to build a cash position to protect from potentially non-paying clients