Castlemaine Associates Contractor Solutions

Trading Structure

Advantages and Disadvantages for the most commonly utilised structures being used within the contracting industry.

Trading Structure

Please click below for advantages and disadvantages of each.

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Trading Options: Contractor Limited Company?

All businesses have to consider carefully a range of business vehicles in which they may operate and how best to manage their financial status.

With the options becoming ever more complicated due to increased legislation, constantly changing tax regulations and demanding revenue compliance it is paramount that you receive the best advice based on your needs and specific circumstances.

Contractors have adopted a number of alternative structures to enable themselves to contract effectively. Understanding the advantages and disadvantages of these structures that are widely available in the market place is critical to making an informed decision.

Although Ltd Co and Umbrella are the most common payment structures for contractors, they are not always the most efficient. As taxation specialists, Castlemaine are able to provide advice and access to high return structures tailored to an individual’s needs.

Whilst an Umbrella structure is effective for contractors who want fast, weekly access to their money and with little administration, the returns can be poor owing to the high percentage of tax and NICs payable. A Limited Company structure can provide improved returns, depending on your IR35 status, but there can be more work involved.

There are alternative structures which can provide higher net returns and our specialist advisers will be able to give you all the facts so that you can decide which structure is most suitable for you.

Make A Decision Based On The Facts

Deciding on the most appropriate option requires a detailed consideration of a number of issues which may dictate or influence the choices you make.

Your long term objectives
Your earning potential
Your ability to methodically complete paperwork
Who will you work for short and long term?
Industry best practice depending on your market sector.

Castlemaine Associates recognises that making a personal choice about how to operate as a Contractor/Freelancer is best done with factual information, an unbiased opinion about services and products available and aims to offer that guidance and advice whilst relating to individual circumstances.

For a simple, no obligation discussion of how we can help call us on 0870 778 0063 or email us on This e-mail address is being protected from spambots. You need JavaScript enabled to view it