Breaking News: Contractors claim Tract Management owe them £millions!

19/7/2011

The online forums are abuzz with news that Tract Management, has gone into liquidation, or simply disappeared owing contractors millions in unpaid invoices. Many contractors are stating that they have not received expected payments and have had no contact from Tract. A former employee has claimed that even employees of Tract Management have been affected and left out of pocket. Several contractors are trying to organise a cohesive response and a number say they have already raised the matter with police.

planIT having seen many providers come and go, is disappointed that yet again another alleged unscrupulous provider has caused such harm to its contractors and to our industry. We sympathise with the anger contractors are now feeling and applaud the quick and cohesive response developing amongst the contractor community online. We hope that everyone affected will get their money and ensure justice is done. If former Tract Management contractors are able to organise, in order to pursue legal action against Tract, we would also welcome them to make use of the same network to bargain for a collectively reduced fee for our services.

planIT Services Limited is a UK-based firm of Chartered Accountant regulated by the Institute of Chartered Accountants in England and Wales providing professional advice and compliant payment solutions for contractors. We have specialised in this market since 1996 and can properly advise you how to best set yourself up as quickly as possible. Please contact us for advice on how to proceed in the most tax-efficient and complaint manner moving forward.