Umbrella Companies

Working under an Umbrella company - an alternative payroll solution.

An Umbrella company acts as an employer for contractors working in the temporary market. Working under an Umbrella company can remove some of the challenges contractors encounter in terms of managing their finances and taxes. This makes it a sound option for those starting out in contracting and those planning to work on short-term assignments. 

The principle function of an Umbrella Company is to collect earnings from Morgan McKinley and deduct tax and National Insurance contributions before paying contractors their wages. 

In recent years the market for Umbrella companies has changed dramatically, this has mainly been due to numerous companies acting unlawfully and not meeting requirements relating to the use of onshore intermediaries. This has led to an increased focus on compliance, which as a result has led Morgan McKinley to only engage with a select number of Umbrella companies, which are both FCSA and APSCo approved. See below for more information.  

The Morgan McKinley process for Umbrella Contractors

Once an individual has been successful with a new placement, our dedicated Contractor Experience Team will support them through the onboarding process. They will receive an onboarding pack via email to explain the timesheet and contract process. They will also be introduced to Gateway, Morgan McKinley’s online contracting portal, which provides secure access to contractor’s personal assignment information.

Timesheets and Payroll 

Morgan McKinley operates a weekly payroll and the deadline for timesheet submission and approval is every Monday before the close of business for the previous week. Payment is then made to the Umbrella company on Friday, a week in arrears. 

Holiday Pay

An Umbrella company contractor may be entitled to holiday pay via their Umbrella company provider. This should be discussed this with the chosen provider at point of sign up.

Morgan McKinley’s trusted approved Umbrella company provider list

It is imperative that recruitment agencies work with companies that are financially robust and have adapted to be in accordance with all recent legislative and regulatory changes and requirements. As a result, Morgan McKinley only engages with a trusted approved supplier list of pre-approved Umbrella companies. Regretfully Morgan McKinley does not engage with any Umbrella providers outside of our approved list and will not be able to offer any additional contracts. Our approved Umbrella providers have industry accreditations with the FCSA and are audited annually by external bodies reducing the likelihood of compliance issues, including those around the Criminal Finances Act.

Click on the logos to visit the websites of our approved Umbrella Companies:

Brookson One

Brookson One logo

Pod1@brookson.co.uk

0800 230 0213

www.brooksonone.co.uk/working-options/

Giant Professional Limited

Giant logo

welcometeam@giantgroup.com 

0330 024 0946

www.giantpay.co.uk

ICS Umbrella Ltd

ICS Umbrella Ltd

Newbusiness@icsuk.com

0800 195 3750

www.icsuk.com 

JSA Services Limited

JSA logo

newenquiries@jsagroup.co.uk 

01923 257241

www.jsagroup.co.uk/

NASA Umbrella Limited

NASA Group

sales@nasagroup.co.uk

0117 929 7683

www.nasagroup.co.uk

Parasol Ltd

Parasol Ltd

enquiry@parasolgroup.co.uk

0800 583 6000

www.parasolgroup.co.uk

PayStream My Max Limited

PayStream

newbusiness@paystream.co.uk

0161 516 5376 (option 1)

www.paystream.co.uk/umbrella/

SmartWork.com Ltd 

SmartWork

info@smartwork.com

0800 434 6446

www.SmartWork.com

Umbrella.co.uk

Umbrella logo

dexter@umbrella.co.ukharry.martin@umbrella.co.uk

01625 544 460

www.umbrella.co.uk/morgan-mckinley-0

Please note Morgan McKinley are not tax specialists and contractors are responsible for their own tax matters. Morgan McKinley are not offering financial advice in these matters or recommending any 3rd party suppliers. 

Victoria Walmsley's picture
Managing Director
vwalmsley@morganmckinley.com