Help! Anybody knows this agency?

[mcontracting]

OK thanks guys for your advice... I’ll try to do my best with the payment terms... If I don’t get nothing better, at the first moment that they have a delay on payment I’ll talk with the client and will change agency straight away!

[rootsnall]

I still have to go and sign next week with them.
The only thing I know so far is that they pay 4 weeks after invoicing
I'll try to negotiate as you say...

But... is it likely that sometimes small agencies don't pay??

Sorry I am new to this contracting world

We are probably scaring you unnecessarliy, I have always been paid in the end. It is just with small outfits, counsultancies or agencies, you often have to chase them and remind them that they owe you some money. I think it is often bad admin on their behalf but it is not unknown for them to have cash flow problems ! In a recession a few of them will go bust ! So be careful, but don't lose on what will probably be easy money by being too careful. If the job is in the bag with the client then you can play quite hard with the agent and try to get better payment terms.

[pzz76077]

I still have to go and sign next week with them.
The only thing I know so far is that they pay 4 weeks after invoicing
I'll try to negotiate as you say...

But... is it likely that sometimes small agencies don't pay??

Sorry I am new to this contracting world

Try and get a credit rating for the client company, if they have a record of say 3 months + payment, then you can guess that the payments to your agency will be about the same. Then you need to assess the financial standing of your agency to determine if you think that they will be able to pay you if client co dont pay.
One of the common problems with small agencies is that they only have one or a few clients and if one of those gets into trouble or has a problem paying the agency, then there are likely to be problems paying the contractors as well.

PZZ

[mcontracting]

I still have to go and sign next week with them.
The only thing I know so far is that they pay 4 weeks after invoicing
I'll try to negotiate as you say...

But... is it likely that sometimes small agencies don't pay??

Sorry I am new to this contracting world

[pzz76077]

jeez.... i am scared now...

What payment terms have you negotiated??

I would insist on invoicing weekly with max 14 day payment terms. After 14 days I would stop working until payment was received.

Its all about risk management with small agencies. Dont become their credit buffer between them and end client.




PZZ

[mcontracting]

jeez.... i am scared now...

[pzz76077]

Also have:-

Mason Consulting
01892 543377
16 John Street, Tunbridge Wells, TN4 9RU

So be careful who you are working for exactly.

& possibly something to do with these:-

V A W Europack Ltd
01892510023
16 John Street,
TUNBRIDGE WELLS, TN4 9RU


PZZ

[rootsnall]

very small company

Should I be worried?

Yes

I recently broke my own rule and went with a small Co again, I got paid in the end but a few palavas along the way. Saying that, if it's a good job and there's nowt else on offer then take the gamble. Push hard for short payment terms ie. you don't want to be owed 2 months money before you realise there is something wrong

[Pondlife]

Office is most likely virtual.

Only incorporated this year.

Website all but none existent

Guy registered the domain and company to tunbridge wells residential address


Looks like a small partnership to me.


I wouldn't let them hold on to too much of my cash for very long. I'd be invoicing weekly.

[pzz76077]

Hi all

I recently closed a deal through an agency called Palm Mason.
It looks like it is a very small company, nobody heard of them before.
Does anybody know them? Should I be worried? (future payments, etc).

Thanks

From Co House::

Name & Registered Office:
PALM MASON LIMITED
16 JOHN STREET
TUNBRIDGE WELLS
KENT
TN4 9RU
Company No. 06878296

Status: Active
Date of Incorporation: 15/04/2009

Country of Origin: United Kingdom
Company Type: Private Limited Company
Nature of Business (SIC(03)):
None Supplied
Accounting Reference Date: 30/09
Last Accounts Made Up To: (NO ACCOUNTS FILED)
Next Accounts Due: 15/01/2011
Last Return Made Up To:
Next Return Due: 13/05/2010
Previous Names:
Date of change Previous Name
01/07/2009 CHARMPOOL LIMITED



Try D&B if you want more info.

PZZ

[DodgyAgent]

LinkedIn gives their address as:

Liverpool Street
London E1
United Kingdom

They don't say which platform

[George Parr]

Hi all

I recently closed a deal through an agency called Palm Mason.
It looks like it is a very small company, nobody heard of them before.
Does anybody know them? Should I be worried? (future payments, etc).

Thanks

LinkedIn gives their address as:

Liverpool Street
London E1
United Kingdom

They don't say which platform

[mcontracting]

Hi all

I recently closed a deal through an agency called Palm Mason.
It looks like it is a very small company, nobody heard of them before.
Does anybody know them? Should I be worried? (future payments, etc).

Thanks