muniz
Well-known member
I'm not sure thats true thought they were part of the mentor group
Tolent in Administration
- Thread starter Maury_Povich
- Start date
I think you'll find in this case that Gateshead office was leaking a lot of money whereas Teesside was (and has been for a long time) profitable. Hence why Brims are willing to take on the Teesside office and current contracts.
Good luck to everyone at Tolent. I hope it works out.
Just a note on bailing out wages.. although they bail out wages, they don't pay the owed expenses which can be quite a lot of money in that industry. They also cap the redundancy pay at £560/week or something like that. It's also a lengthy process reclaiming owed wages and doesn't help people who have been working for a couple of weeks in February and haven't been paid
muniz
Well-known member
yeah my Mrs had to go through it all when her employer wound the company up after they had abused the companies cash flow for years with their own personal needs (and setup a new one), she was obviously within the amounts of the limits as were all the rest of the staff.
took about 2 months to get paid out unfortunately and that time scale starts from when the company and liquidators hit a certain stage in the process, if they are slow it delays everyone, and yes it is capped which is unfortunate if you are on a much higher wage, but I think if you are someone who can command that sort of money then you should not be finding it too hard to get another job in your professional if you are that skilled and wanted to command such a wage, **** you may miss out on expenses and the additional wage, but at least your getting a decent chunk back, unless you work as a sub contractor to dodge tax then your back of the que like everyone else.
yeah its all the maintenance works that made the Teesside works go well, and they are usually profitable contracts to have as your normally got everyone on set rates per hour rather than fixed price where the risk can be when costs get out of control
took about 2 months to get paid out unfortunately and that time scale starts from when the company and liquidators hit a certain stage in the process, if they are slow it delays everyone, and yes it is capped which is unfortunate if you are on a much higher wage, but I think if you are someone who can command that sort of money then you should not be finding it too hard to get another job in your professional if you are that skilled and wanted to command such a wage, **** you may miss out on expenses and the additional wage, but at least your getting a decent chunk back, unless you work as a sub contractor to dodge tax then your back of the que like everyone else.
yeah its all the maintenance works that made the Teesside works go well, and they are usually profitable contracts to have as your normally got everyone on set rates per hour rather than fixed price where the risk can be when costs get out of control
paul66
Well-known member
"thing is you can make plenty of money doing that as often when you price with no margin you still can make money by getting better prices for services and materials etc, we have done it plenty of times in the past."
its always struck me as a strange way to do business, the contractor who allows the least resources usually is the successful bidder.
i subcontracted to tolent for around 20 years starting in the late 90s, i found them hard but fair and not much different to other main contractors in the area, the 60 day payment terms were a pain but i always got paid when due rather than the firms who stipulated 30 days that drifted into 45/60 and you were constantly chasing.
its always struck me as a strange way to do business, the contractor who allows the least resources usually is the successful bidder.
i subcontracted to tolent for around 20 years starting in the late 90s, i found them hard but fair and not much different to other main contractors in the area, the 60 day payment terms were a pain but i always got paid when due rather than the firms who stipulated 30 days that drifted into 45/60 and you were constantly chasing.