Candidates

Industry Issues

General Advice

Question 1 – How do I set up a Limited Company?

You need to complete certain documents and send them to the Registrar of Companies, together with a fee. You may wish to consult an accountant for advice. You can use a ‘company formation agent’ such as Jordan’s and London Law. Companies House have produced this guide to setting up a new company. www.companieshouse.gov.uk

Question 2 – What other options are there for me as a Contractor?

There are two other ways a Contractor/Interim employee can be paid; either through an umbrella company or through PAYE. Your consultant shall be able to advise you on Umbrella Companies and how they work.

Question 3 – How often will you contact me once I become an approved contractor?

We shall endeavour to keep in contact with you on a regular basis and as soon as any suitable engagements/ contracts arise.

Question 4 – How often should I send you an updated CV?

Please update your CV on your records with us as soon as you complete a project, this shall allow us to assign you to the most suitable and rewarding projects.

Question 5 – How am I paid?

Woodhurst contractors are generally paid on a daily rate (except in the case of Fixed Term Contracts, FTCs, as the client pays the contractor directly through PAYE). The rate shall depend on factors such as nature of the role, immediacy, length of contract, location, qualifications and experience. Rates are negotiated on a bespoke basis as each contract arises.

Contractors are responsible for invoicing us for the services provided by your company, and should submit an invoice every four weeks, for payment one calendar month after the date of invoice (by BACS only). If you are trading as a Limited Company you must have a bank account.

Question 6 – Can I claim expenses?

Normally, day rates are ‘All Inclusive’. However, depending on the project and client, you may be entitled to expenses, for example where travel is involved.

Question 7 – what insurance do I need?

You shall need Professional Indemnity Insurance (PII) with a cover of £1million.