- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Reply to: Setting up the 10% agency
Collapse
You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:
- You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
- You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
- If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.
Logging in...
Previously on "Setting up the 10% agency"
Collapse
-
.........and properly organised substitutions as well during vacations and sickness spells to IR35 proof the whole deal. Agencies couldn't compete with CUKCo Ltd agency.
-
Originally posted by BlackenedBiker View Post
OK I think that I am going to do some proper market research on this.
I will keep you all posted.
I'm interested, and probably will be more so after feb when my current contract ends.
Leave a comment:
-
OK I think that I am going to do some proper market research on this.
I will keep you all posted.
Leave a comment:
-
Originally posted by d000hg View PostHere's a thought. What if members working through CUKCo can act as agents while on contract? A contractor often knows when new contracts are coming up, and exactly what the requirements are. If they pass this on to CUKCo and this leads to someone being place, they get paid for it.
That would imply a kind of organic networking agency concept, maybe cutting down on costs as well as providing better people for the job.
Thoughts?
Leave a comment:
-
Originally posted by RichardCranium View PostExcuse me? Are you talking about NatWest the Bastard tulipbag Bank? NatWest the Screw-You-Over-And-Laugh Bank?
Or Natwest for Fairyland Pixie Dust Sellers?
I was just stating the NW as a business have made a USP out of offering locally sourced services. 'sall
Leave a comment:
-
Here's a thought. What if members working through CUKCo can act as agents while on contract? A contractor often knows when new contracts are coming up, and exactly what the requirements are. If they pass this on to CUKCo and this leads to someone being place, they get paid for it.
That would imply a kind of organic networking agency concept, maybe cutting down on costs as well as providing better people for the job.
Thoughts?
Also, is their a way to call it Cuckold.. CUKCo Ltd is so close to a chance to do agents over.
Leave a comment:
-
Originally posted by d000hg View PostIf you hire agents, how will it run any better than existing agencies? Those agents will work as they always have, policing it would be hard and it could quite easily degenerate from initial high standards.
We need to drag IT recruiting out of the tulip.
More recruiting sectors are nowhere near as OK corale as ours....
Leave a comment:
-
Originally posted by BlackenedBiker View PostBusiness set up with a view to factor the invoices.
Leave a comment:
-
Originally posted by d000hg View PostYou mean the costs to break even were 7.5%? That seems a lot, where does it all go?
In theory such agency structure would allow it change %-tage of cut based on actual performance, ie: if with some scale costs turn out to be 7% of total revenues, then it might reduce margin from 10% down to say 8%.
Consequently if such agency becomes successful it will have USP - effectively direct channel with minimum cost to companies who use it.
Leave a comment:
-
Originally posted by d000hg View PostWould you let people join and pay £1000 without having a contract? e.g as a shareholder to make profit on their investment?
Sure why not shares.
Business set up with a view to factor the invoices.
With enough contractors on board, you would have a ready made rolodex of contacts better than any agents it is called the clientco's....
Current pimps would have to listen and improve their code of practice if it was a success, and start dealing fairly with their bread winners.
Stop the bs that they provide a skilled on-going service and admit that they are essentially a one off broker.
Leave a comment:
-
Originally posted by BlackenedBiker View Postif it is a co-op then that is the way it will work.
But if you employ the best pimps in town then you won't have loads of money left. But you will have a lot more UK contractors represented vigourously in the market.
Leave a comment:
-
Originally posted by d000hg View PostWould you let people join and pay £1000 without having a contract? e.g as a shareholder to make profit on their investment?
Say you are a member and put £100000 earnings through it, agency took cut of £10000, then at year end it turns out £3000 of this pot is available is profit, so contract gets it back thus making effective agency margin of 7%.
Naturally agency will need to make a profit in order to do it.
SKA Ltd uses slightly different partnership model to ensure members of the project who contribute their bandwidth/processing will share the commercial success.
Leave a comment:
-
Originally posted by BlackenedBiker View PostThey know the game but work under a strict code of conduct set out in the terms of employment.
No BS no lying just plain english and honesty (another USP).
This kind of approach works for Natwest
Or Natwest for Fairyland Pixie Dust Sellers?
Leave a comment:
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Leave a comment: