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.

Founded in

United Kingdom