Call us on

0845 834 0269

Head Office

0203 318 3024

info@123contracting.co.uk

We're focused on
what you need &
what you expect

What is included as standard for a fixed fee of £65.00 + vat per month:

Full Contracting health check - is your business performing as best it could - we'll ensure it is.

If you're new to freelance contracting, we'll ensure you start trading in the right way.

Then you can sit back and relax, your ongoing HMRC & Companies House compliance will be taken care of.

The 123 Way - simple & stress-free.

The 123 Way

What Stage Are you at?

Moving from an Umbrella to your own Ltd Company

First Time Contracting

Already Contracting

If you are contracting for more than 3 months, or it is your aim to contract for the foreseeable future then the Limited company route is the best way to go.

By contracting through your own limited company you are much more tax efficient, giving you more money in your pocket.

We understand that everyone's circumstances can be different so call us today for a free personal business review before you make any decision.

Below are the answers to some common questions we get asked in reference to Umbrella companies and running your own Ltd Company. You can find more of these on our FAQs page or feel free to call or email us to discuss any further questions you may have: 0845 834 0269 or info@123contracting.co.uk

Why do recruitment agencies tell me to use an Umbrella company?

Contractors are often advised by recruitment and job agencies to use Umbrella companies, this is because the agency is earning a very healthy commission from the Umbrella Company for referring you to them. The figures below speak for themselves - Umbrella Company route = much less money in your pocket.

How much money will I be able to take home as a contractor?

If you are contracting through your own Limited company your take home pay will be anywhere between 75% - 85% of the contract value.

If you contract through an umbrella company then your take home will be around 60% - 65% of the contract value.

For a full personal breakdown, take a look at the 123 Income Illustrator

Is there a lot of paperwork involved in running a Ltd company?

Paperwork for a Ltd Company will take no more than 15 – 20 minutes per month. This includes sending invoices, recording expenses and paying HM Revenue and Customs, if you choose to use an Umbrella, it will take roughly the same amount of time but cost you a lot more money.

Switching Accountants

Move from Umbrella to Ltd Co.

Refer Friends & Colleagues

123 Income Illustrator

The 123 Income Illustrator shows you what you can expect to take home from a given contract.

It also compares the differences between freelance contracting through your own Limited Company, through an Umbrella Company, as a Sole Trader or if you were to return to full time employment.

The123 Income Illustrator