Pendragon Straight Talk: Episode Twenty-Two

 
TRANSCRIPT
 
JOHN GLOVER: Hello and welcome to another Pendragon Straight Talk. This week’s question is directed straight at me and its why did I start Pendragon Management.
 
I started Pendragon in 1998. The reason we started it was to give the individuals the vehicle and freedom to be able to contract wherever they wanted to without all the hassles of ABNs, company set ups, company liabilities, BAS statements etc. All the insurances that go along with it.
 
It also helped those on 457 visas to be able to move between contracts or jobs without their being threatened by deportation by some of their sponsoring entities, they were being threatened by at the time. As they did not have to change sponsor as we became a surrogate sponsor, they could change job anytime they like without worrying about the sponsorship.
 
I was approached by a group of contractors who felt that they had been held to ransom by their agency as to where they could or could not work. They wanted the safety net of an employment contract, whilst at the same time the perks of being a contractor – without all the paperwork, without the compliance of their own ABN, plus all the time it took them to create invoices for clients, chase their money, complete their BAS statements. All they wanted to do was to turn up to work, work, sign the timesheet and then enjoy life and let Pendragon do the rest of it.
 
It also gave individuals the opportunity to be employed whilst at the same time have their salaries managed as if they were running their own company. This was to help maximise their net take home pay, every pay.
 
So basically, Pendragon was set up to make life easier. Anyone who wants to contract and doesn’t want all the hassles of running their own company, but still wants the same benefits with the minimum costs to them both timewise and financially.
 
Thanks for listening, I look forward to talking to you next week.