Company Information

Get to know Parasol

Founded over 20 years ago, Parasol operates as a professional employment organisation (PEO), more commonly known as an umbrella company, for the UK's flexible workforce. The company acts as an intermediary employer for independent contractors on fixed-term assignments, simplifying their administrative and financial responsibilities. Parasol manages all payroll, tax (PAYE), and National Insurance contributions, while also providing contractors with statutory employment rights such as holiday pay, sick pay, and access to a workplace pension. Their mission is to offer a hassle-free employment solution that ensures compliance with UK tax legislation, including IR35, for contractors, recruitment agencies, and end clients.

Industry

Financial PaymentPRIMARY
Financial Other Service

Contact

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Parasol

United Kingdom

Founded in

2000 (26 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

(78 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.