Fast Track 100

This Colchester company takes on the administrative headache for contract workers in the IT, engineering and pharmaceutical sectors. Contractor Umbrella handles invoicing, deducting tax and NI contributions, and paying a net salary direct to its contractors. It also earns commission on sale of third-party pension products to them. Founder Simon Dolan, an accountant, says the company’s charging structure – contractors pay a flat fee rather than a percentage of earnings – has helped to grow sales 147% a year from £2.1m in 2003 to £32.2m in 2006. The reported sales figures reflect the total amount invoiced to employers on behalf of the contractors.

This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.

Company details
Year2007
Rank14
CompanyContractor Umbrella
ActivityPayroll services provider
LocationColchester
Annual sales rise over 3 years147.00%
Latest sales £000s32,213
Staff10
Founded2002
Websitewww.contractorumbrella.com

If applicable:

* supplied by company † annualised figure