• £24
• £692
• 
• 

• Visit Site
• Send Email
• 01889 583592
• Contractor Supermarket
• Ask an Expert

Company Profile

Welcome to Priory Contractors

Priory Contractors are an Umbrella company offering an extremely efficient way to maximise Contractors earnings without the hassle of running their own Limited Company!

The Services we offer are 100% HMRC Compliant which gives the Contractor the confidence they are maximising their take home pay through working compliantly with the current Government legislation!

About Us

IR35, the diminished benefits of running Limited Companies, the headache of paperwork and accountancy fees are just a few of the reasons why Contractors have decided they best way of working is through an Umbrella Company. At Priory Contractors we take the responsibility for all Payroll administration including tax, expenses and National Insurance Contributions giving the contractor the opportunity to spend more time doing the things they want with more money to do so.

Established in 2006, Priory Contractors is recognised as the first choice amongst many Agencies when recommending an Umbrella Service provider. Our extensive knowledge of the temporary worker, freelance and contractor market allows us to confidently advise our clients on how to become as tax efficient as possible.

As a leading Umbrella Solution we look after contractors all over the UK across various business sectors including Driving, Media, Industrial & Warehouse, Telecom's, Medical, Teaching, Public Sector, I.T. and Security from our Head office in Rugeley, Staffordshire.

Contractor Benefits

The financial benefits of Contracting are highly attractive, but there are many pitfalls where the contractor could fall victim. Therefore every contractor that signs up will be allocated their own dedicated Relationship Manager that will answer any questions, explain procedures, advise on how to maximise their income and most importantly make sure that each and every payroll is paid efficiently and within HMRC guidelines.

The relationship Manager will make sure that each and every contract is set up quickly and easily. They will explain what paperwork is required, when it is required and who requires it. They will liaise with the Agency and where possible implement their systems, which will avoid any additional paperwork and unnecessary time wasting.

We provide competitive Management fees based on a capped percentage fee, please click here to see our fees. There are no joining or (should it be necessary) leaving fees, nor do we charge additional fees for expenses. We also ensure that any Statutory Sick Pay or Statutory Paternity / Maternity / Adoption pay that the Contractor is entitled is paid.

We have approved dispensations from HMRC allowing the Contractor to claim up to specified limits without the need to submit a receipt (this does not exempt the Contractor from retaining their receipts for Income Tax purposes). These will be monitored by the Relationship Manager to ensure that every expense claim remains compliant and there is no comeback on the Contractor. Please click here to see our Allowances Policy.
How it Works!

1. The Contractor becomes a member of Priory Contractors Umbrella Service and the Contractor works on behalf of the Agency for the Client.
2. We invoice the Agency on behalf of the Contractor for the hours worked and the Gross income is paid to us.
3. An Expense sheet is completed by the Contractor and allowable expenses (paid gross of tax) are deducted from the gross income. The balance is then subject to PAYE tax and NIC deductions (both employers and employees.
4. The net pay after tax is combined with the allowable expenses and the total sum is paid into the contractor's bank account. Please note that expenses are not paid on top of the Contract income.

In a Nutshell

Helpful, professional and friendly.

Monthly Fee of £24 provides you with

• Company with 6 years experience in the industry
• £ 10m of Employers Liability Insurance
• £ 2m of Public Liability Insurance
• £ 2m of Professional Indemnity
• Extra charges - No
• Reply Time - Less Than 2 Hours
• Opening Times - Mon to Fri 8 30am 4 30pm