Miles Grady and Nick Holmes formed PayMatters LLP OC34077 in October 2008. Paymatters LLP was set-up to provide an umbrella company service to contractors working in the UK.
An umbrella company allows contractors working in the UK to benefit from having a fixed employer. They then benefit from the statutory rights that this entails (i.e. statutory sick pay, statutory maternity pay and workplace pension reform).
This then means they are free to identify and work short term contracts on behalf of the umbrella (normally receiving placements from recruitment agencies). The umbrella takes care of invoicing and cash collection and then pays the umbrella company worker after taking into account PAYE and NICs.
By travelling to temporary workplaces the umbrella company worker is normally able to be reimbursed for costs incurred working in doing so (travel, accommodation and subsistence costs).
PayMatters are able to assist find new assignments through their job site:
PayMatters Limited have worked in partnership with JNET Limited to develop an online umbrella portal. This allows the umbrella employee to submit hours, expenses and view invoices raised and payrolls ran. Paymatters also ensure each active employee receives a weekly update with our aim to pay every person by the latest of Friday each week.
In 2011 PayMatters transferred its business to PayMatters Ltd 0696963.
In December 2010 Paymatters Accountancy Services LLP was formed to provide accountancy services to owner managed businesses providing services in the UK.
Through a joint project with JustAccounts a portal was developed which gives real time information that allows clients to know what they are able to draw at any point in time. The portal also allows Paymatters to produce year end financial statements, vat and paye returns and annual corporation tax returns. For clients who allow us access to their business bank account statements online Paymatters is able to upload bank statement to the justaccounts system where automated posting of repeat transaction is possible.
PayMatters New Enquries: 0800 121 6513
PayMatters Clients:0844 335 0169
Paymatters Fax:01625 522 572
PayMatters was originally based at Manchester Airport Business Park but are now in Barons Court, Wilmslow. The Head Office employs approx. 80 accountants and support staff.
Update March 2014: Paymatters has rebranded to Umbrella.co.uk following the successful acquisition of this leading generic domain name. Paymatters Limited will now be renamed Umbrella-Company Limited and PAS will become Umbrella Accountants LLP. umbrella will retain the trading style Paymatters and also adopt umbrella.UK and umbrella.