The Umbrella Company, Albany Enters Administration – What Should Contractors Do Now?

On 11th February 2010, it was announced that the PAYE umbrella company, Albany had gone into administration. For contractors that used Albany’s umbrella services it has meant they have been left unpaid. Carter Backer Winter (CBW), which has been placed in charge of the company’s assets, said cash flow problems had led to the firm [...]

The Agency Workers Directive and the Contractor …

There is a lot of talk within the contractor marketplace about the Agency Workers Directive. Whilst it was good news that the implementation of the AWD has been delayed until 2011, there is still concern about how the regulations will impact contractors and their marketplace. The AWD was designed to give temporary and contract workers equal [...]

Recruitment Agencies Are Suffering

The Business Sales Report today released figures which hinted that recruitment agencies were suffering from the downturn in the economy. The number of recruitment agencies going into administration increased for the third consecutive six-month period at the end of 2009. 57 recruitment companies in the second half of the year went into administration, compared with [...]

Recruitment Sector Is Slowly Recovering

The Recruitment and Employment Confederation (REC) have claimed the recruitment sector is recovering, albeit at a slow rate. In a statement released earlier this week, they believe it will take at least three years for employment figures to reach 2007/8 levels.
They also commented that REC figures from the last three months show that the sector [...]