- Tue Jan 16, 2018 5:47 pm
Contracting usually means you wait months for your invoices to clear and the service agreements usually have a penalty clause, so you can't just bail out.
He might have signed that agreement a couple of years ago, when everything was going fine.
If it was known that they were likely to fold, then the time could have been used to restructure the various contracts they had in place and provide a continuation of service.
Instead, they kept paying dividends to shareholders and high wages to the directors.
(Without looking, I reckon I probably have about £16,000 of invoices to be paid in the coming months and I only work for myself with no long term equipment leases on the books.)
He'll be the first of many and I heard this morning that layoffs have already begun in some of their support companies.