Streamlining administration for self-employed contractors is the speciality of Merseyside-based I-Paye. The company focuses on helping professionals in the oil and gas, IT consultancy and construction industries working in Europe, Africa and the Middle East. It ensures their finances and tax are handled efficiently by issuing invoices, calculating taxes and making payments. About 2,000 contractors pay a weekly or monthly fee for its services, and it has created a payroll system that allows clients to manage their affairs electronically and eliminate paperwork. The company has developed different packages to suit a variety of pay levels and work circumstances, from contractors earning up to £16 an hour to highly skilled overseas workers. Sales have grown 171% a year from £3.4m in 2006 to £67.4m in 2009, though profit margins are tight.
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