Fast Growth Umbrella Services Company Launches Scottish Revolution

ONE of the UK’s fastest growing companies has launched in Scotland.

Umbrella services company I-paye works with contractors, freelancers and self-employed professionals helping them with their payroll and a range of other financial requirements.

The company has enjoyed a massive growth in sales during the past four years with turnover increasing from £3.4million in 2005/6 to £68million in 2008/9.

This success culminated in the firm, which has its head office in Merseyside, being ranked number 7 in the prestigious Sunday Times Fast Track 100 list.

The launch in Scotland is the next stage in the company’s ambitious growth plans.

I-paye Scotland will be headed up by Gordon Webb and will be based in Glasgow and Aberdeen. Gordon has extensive experience working within a number of key Scottish sectors including oil and gas, engineering and IT.

Gordon said: “I-paye plans to more than double the size of the business over the next three years and our launch in Scotland forms an important part of that development.

“While umbrella service providers are much used by contractors in the UK, we will be the first dedicated umbrella services provider to have an operation in Scotland.”

I-paye provides contractors with products to suit everyone from a contractor with limited or no expenses through to those working away from home for long periods with more complicated tax affairs.

I-paye is recognised by their industry’s professional bodies, Professional Passport and the Association of Professional Staffing Companies. It has just launched a new dynamic website promising a revolution in the way umbrella payroll services are delivered.

Gaynor McGrail, co-founder and Managing Director of I-paye, said: “The past four years have involved some extremely hard work and investment in our systems, but we don’t intend to stop here. We are aiming to double the size of the business over the next three years, which should be possible thanks to being well positioned with an extensive agency customer base and a range of products tailored to meet the exact needs of contractors, freelancers and self-employed professionals.”

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