Has Futuro Gone Bust?

[crookie]

well, i submitted Nov timesheet on 30th, according to contract should have been paid on 21st, but 'cause of Christmas , I finished Dec on 20th and submitted Dec too. So far, nothing from them

[zathras]

Why are you wasting time on this. Give them 7 days to pay the outstanding invoices; invoke the Late Payments of Commercial debts act (Simple Interest 8% above base rate as of end of december, plus admin costs).

If they don't pay then start court proceedings.

If they have really gone bust then the administrator/reciever is already collecting creditors details. Get your claim in fast because us contractors are bottom of the pile when it gets to being paid.

[futuro_creditor]

Futuro Creditors

Hi,

I am owed two months money as well.

Have created a hotmail account called [email protected]

I want to compile list of as many of us as possible so we can pool information and see what our options are.

Please send me your contact details if you are owed money.

If you know anyone else who might be owed money by Futuro please let them know of this email address.

Many thanks

[Cowboy Bob]

Hi,

I am owed two months money as well.

This is why you should ALWAYS get a credit check done on and agency, especially the smaller ones.

If they have gone bust, then I'm not sure if you're going to see any of your cash at all. I was unfortunate enough to have one of the companies I worked for as a permie go bust, and given that employees are higher up the food chain than regular creditors and that even then I only managed to reclaim my statutory compensation owed to me as an employee I don't hold out much hope for you.

The best thing to do is to assume you're not going to get the money, chalk it up to a bad experience, put in the claim to the administrators anyway for the hell of it, and get another contract ASAP to cover your losses.

[OwlHoot]

i'll do it for a fiver

Surprised if they have gone under, old company, new offices last yr etc etc

I think you answered your own (sort of) question..

[MaxDamage]

...

[futuro_creditor]

I am not that hopeful of getting paid and personally I am out of pocket over 10k.

Perhaps it would be best to just chalk this one up to experience and move on but I can’t help feeling as though I have been robbed.

I have no evidence that anything illegal occurred. I would just be happier knowing that should the company be wound up it is done correctly and with some transparency.

Further if any offence has been committed I would like to see this come before the courts.

I would be happy to contribute some money to a fighting fund if there were enough of us. Compared with 10k another few hundred would be money well spent if we got some satisfaction.

Once again, I am not saying anything improper has happened, I would just like to know.

[tim123]

I believe most of the contractors on this site are 7 to 15 weeks with no pay.

And here's the proof of the golden rule.

Never, ever, ever, ever, send in next month's timesheets/invoice until last month's has been paid. Whilst you still hold signed timesheets in your hand you can invoice the client for the work through an alternative route (and have a much stronger negotiating position with the receiver).

Your max loss is 4 weeks - yes you still might have a 10 week cash flow problem, but as I've said before (many times) anybody who lives month to month on a contractors income and can't survive a 3 month void is asking for trouble.

tim

[cojak]

And for the hard of hearing...

Never, ever, ever, ever, send in next month's timesheets/invoice until last month's has been paid. Whilst you still hold signed timesheets in your hand you can invoice the client for the work through an alternative route (and have a much stronger negotiating position with the receiver).

[Paddy]

[QUOTE=cojak]And for the hard of hearing...[/QUOT

No thank you I just had one.