Retained Margin - Contractor UK Bulletin Board

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Cowboy Bob replied

3 August 2007, 08:27
Originally posted by diamante

What would my options be in this case? How can I get my money back? I'm willing to even challenge their contention, if I have to, that they're not a managed company. Any advice would be appreciated.

Small claims court.
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diamante started a topic Retained Margin

3 August 2007, 07:46
Retained Margin

I worked with a Managed company till the new budget. Post budget, they claim they're more of a project based company and hence legit. I wasn't too convinced so I set up my own Limited company.

When I quit using the Managed company, they retained their margin for the next month and a half calling it not enough notice, etc. Nothing in my contract about notice - I made sure of it when I signed it. I see this more as 'if I haven't used their service for a month (because I think it could be illegal), I shouldn't have to give them a cut'. Even if I process my invoices through them, they claim I can't charge expenses for that month since I notified them of my intent to leave.

What would my options be in this case? How can I get my money back? I'm willing to even challenge their contention, if I have to, that they're not a managed company. Any advice would be appreciated.
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