Taking the pain out of paperwork, Parasol provides payroll services for more than 20,000 contractors in IT, engineering and healthcare, either directly or through agencies such as Hays and Reed. The Warrington firm issues invoices, collects payments, calculates tax and national insurance, and pays salaries – all for £61.95 a month per contractor. Managing director Rob Crossland, one of the founders, led a £24m management buyout last year backed by HSBC. Sales reached £227.6m in 2006.
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