They give you a new truck, fuel card, full R and M, and plenty work, they reckon you turnover 12k a month, less 1400 for the truck, 18% for them, planners fees etc and can make 1400 profit after wages and insurance with one driver.
12k a month doing flat out hours I suppose.
Lets take a look at this.
18% for them is £2160
The truck is £1400
£850 a week on fuel = 3686 per month
Operating centre = 400 a month
Motor policy, PLI, ELI and GIT: £600 a month
Salary + Subsistence: £2600
Accountant: £150.00
Mobile phone: 50.00
That leaves you £954 at the end of the month, which is good, its a profit after all.
BUT. Lets be generous here and say that Stobarts are paying £1.50 per mile, loaded or empty. That works out at 2953km a week. The one time I have hit that number in a week I ran out on Sunday and had to be rescued by a mate on the Friday and most of my work is in and out in 30 minutes stuff, your work will be all the crappy tescos and amazon runs and the crap stuff from portsmouth to Inverness that doesn’t make sense for one of theirs. I’d be guessing, given that this is William “The Leach” Stobart they are giving income including VAT and costs before. If I’m right here you are £1,046 wrong way.
Then of course there is the truck you will be using. Volvo fleet spec FH with every decent option removed or a Scania R series 450 which is the worst engine and truck combination ever launched, again, as its Stobarts, probably with every button worth having taken out. Nothing on it to say its yours so no-one knows. Which means that in a year or twos time when you can get funded for a nice new lorry, you are starting from scratch with sourcing work.
You will also have no freedom as an operator. You will start when you are told to, go where you are told to and finish when you are told to. For gods sake, you will even be wearing their uniform! You would be better off taking your chances with HMRC and going Ltd Co with The Logistics People. You will be doing the same job driving the same truck but at least then you are an agency driver so you can tell the pointy shoed idiot on the other end of the phone to go [zb] himself without killing your business.
Thats all based on
Think you are talking sense, the costing’s do seem to good to be true.
I spoke to an owner driver for Stobarts back in 2015 this was the info I managed to get out of him. Basically he worked Monday to Thursday then he employed another driver to cover Friday to Sunday.
Every job he does stobart take 12%.
He said the turnover he aims for a truck per a week after stobart take their 12% was roughly £3000
he roughly gave me his costs per month fro one truck
£1500 lease for truck
£500 trailer hire
5p per mile for tyres
about £4250 a month on fuel. he said he buys it for about £0.90 a litre
I sure he has other costs such as insurance and maintenance but this was all Info I managed to get from the driver.
They give you a new truck, fuel card, full R and M, and plenty work, they reckon you turnover 12k a month, less 1400 for the truck, 18% for them, planners fees etc and can make 1400 profit after wages and insurance with one driver.
12k a month doing flat out hours I suppose.
Lets take a look at this.
18% for them is £2160
The truck is £1400
£850 a week on fuel = 3686 per month
Operating centre = 400 a month
Motor policy, PLI, ELI and GIT: £600 a month
Salary + Subsistence: £2600
Accountant: £150.00
Mobile phone: 50.00
That leaves you £954 at the end of the month, which is good, its a profit after all.
BUT. Lets be generous here and say that Stobarts are paying £1.50 per mile, loaded or empty. That works out at 2953km a week. The one time I have hit that number in a week I ran out on Sunday and had to be rescued by a mate on the Friday and most of my work is in and out in 30 minutes stuff, your work will be all the crappy tescos and amazon runs and the crap stuff from portsmouth to Inverness that doesn’t make sense for one of theirs. I’d be guessing, given that this is William “The Leach” Stobart they are giving income including VAT and costs before. If I’m right here you are £1,046 wrong way.
Then of course there is the truck you will be using. Volvo fleet spec FH with every decent option removed or a Scania R series 450 which is the worst engine and truck combination ever launched, again, as its Stobarts, probably with every button worth having taken out. Nothing on it to say its yours so no-one knows. Which means that in a year or twos time when you can get funded for a nice new lorry, you are starting from scratch with sourcing work.
You will also have no freedom as an operator. You will start when you are told to, go where you are told to and finish when you are told to. For gods sake, you will even be wearing their uniform! You would be better off taking your chances with HMRC and going Ltd Co with The Logistics People. You will be doing the same job driving the same truck but at least then you are an agency driver so you can tell the pointy shoed idiot on the other end of the phone to go [zb] himself without killing your business.
Thats all based on
I am paye agency (not logistics people) and including subsistence and rolled up holiday pay I earn around £950-£1000 for 55-60 hours Monday to Friday nights a week. I am on rail so lots of waiting around and easy work.
I don’t see how using the figures above it is worth it. As nsmith puts it just work for the agency without the risk
They give you a new truck, fuel card, full R and M, and plenty work, they reckon you turnover 12k a month, less 1400 for the truck, 18% for them, planners fees etc and can make 1400 profit after wages and insurance with one driver.
12k a month doing flat out hours I suppose.
Lets take a look at this.
18% for them is £2160
The truck is £1400
£850 a week on fuel = 3686 per month
Operating centre = 400 a month
Motor policy, PLI, ELI and GIT: £600 a month
Salary + Subsistence: £2600
Accountant: £150.00
Mobile phone: 50.00
That leaves you £954 at the end of the month, which is good, its a profit after all.
BUT. Lets be generous here and say that Stobarts are paying £1.50 per mile, loaded or empty. That works out at 2953km a week. The one time I have hit that number in a week I ran out on Sunday and had to be rescued by a mate on the Friday and most of my work is in and out in 30 minutes stuff, your work will be all the crappy tescos and amazon runs and the crap stuff from portsmouth to Inverness that doesn’t make sense for one of theirs. I’d be guessing, given that this is William “The Leach” Stobart they are giving income including VAT and costs before. If I’m right here you are £1,046 wrong way.
Then of course there is the truck you will be using. Volvo fleet spec FH with every decent option removed or a Scania R series 450 which is the worst engine and truck combination ever launched, again, as its Stobarts, probably with every button worth having taken out. Nothing on it to say its yours so no-one knows. Which means that in a year or twos time when you can get funded for a nice new lorry, you are starting from scratch with sourcing work.
You will also have no freedom as an operator. You will start when you are told to, go where you are told to and finish when you are told to. For gods sake, you will even be wearing their uniform! You would be better off taking your chances with HMRC and going Ltd Co with The Logistics People. You will be doing the same job driving the same truck but at least then you are an agency driver so you can tell the pointy shoed idiot on the other end of the phone to go [zb] himself without killing your business.
Thats all based on
I am paye agency (not logistics people) and including subsistence and rolled up holiday pay I earn around £950-£1000 for 55-60 hours Monday to Friday nights a week. I am on rail so lots of waiting around and easy work.
I don’t see how using the figures above it is worth it. As nsmith puts it just work for the agency without the risk
Sounds like a rare agency ,Is that paye umbrella ?
They give you a new truck, fuel card, full R and M, and plenty work, they reckon you turnover 12k a month, less 1400 for the truck, 18% for them, planners fees etc and can make 1400 profit after wages and insurance with one driver.
12k a month doing flat out hours I suppose.
Lets take a look at this.
18% for them is £2160
The truck is £1400
£850 a week on fuel = 3686 per month
Operating centre = 400 a month
Motor policy, PLI, ELI and GIT: £600 a month
Salary + Subsistence: £2600
Accountant: £150.00
Mobile phone: 50.00
That leaves you £954 at the end of the month, which is good, its a profit after all.
BUT. Lets be generous here and say that Stobarts are paying £1.50 per mile, loaded or empty. That works out at 2953km a week. The one time I have hit that number in a week I ran out on Sunday and had to be rescued by a mate on the Friday and most of my work is in and out in 30 minutes stuff, your work will be all the crappy tescos and amazon runs and the crap stuff from portsmouth to Inverness that doesn’t make sense for one of theirs. I’d be guessing, given that this is William “The Leach” Stobart they are giving income including VAT and costs before. If I’m right here you are £1,046 wrong way.
Then of course there is the truck you will be using. Volvo fleet spec FH with every decent option removed or a Scania R series 450 which is the worst engine and truck combination ever launched, again, as its Stobarts, probably with every button worth having taken out. Nothing on it to say its yours so no-one knows. Which means that in a year or twos time when you can get funded for a nice new lorry, you are starting from scratch with sourcing work.
You will also have no freedom as an operator. You will start when you are told to, go where you are told to and finish when you are told to. For gods sake, you will even be wearing their uniform! You would be better off taking your chances with HMRC and going Ltd Co with The Logistics People. You will be doing the same job driving the same truck but at least then you are an agency driver so you can tell the pointy shoed idiot on the other end of the phone to go [zb] himself without killing your business.
Thats all based on
I am paye agency (not logistics people) and including subsistence and rolled up holiday pay I earn around £950-£1000 for 55-60 hours Monday to Friday nights a week. I am on rail so lots of waiting around and easy work.
I don’t see how using the figures above it is worth it. As nsmith puts it just work for the agency without the risk
Sounds like a rare agency ,Is that paye umbrella ?
No its not umbrella but as I said includes rolled up holiday pay so when I take this week off I will get nothing. However I rather that as the issues I had getting holiday pay from my last agency when I left. I also work nights so probably a little less for days but I am happy
Just had my email in, doesn’t read as badly as expected other than they want a tramper, 5 days a week, 6 days twice a month. You must buy diesel from them. Payment is end of 3rd month.
AlexBarclay:
Just had my email in, doesn’t read as badly as expected other than they want a tramper, 5 days a week, 6 days twice a month. You must buy diesel from them. Payment is end of 3rd month.
Sent from my S41 using Tapatalk
You’ll need a big overdraft if you’ve got to buy 3 months of diesel upfront
But if they pay on 90 day terms then from day 1-89 you’ll be paying the fuel,unless I’ve misread it.
^^^^^^^^^^^^^^^^^^^
you might have to buy your own until they owe you more than the cost of loss if you do a runner.
otherwise,you just will use their card and let them subtract it from your payout.
in doing so,then you will also be letting them cream you as you will be paying a penny or 3 more than cost to stobrats.
itl also make it harder for you to chuck it in as you will always be 3 month in arrears.
i wouldnt imagine you can do a load elsewhere if your all logo`d up,and you will get ran enough to make sure your covered for expenses and a wage,with no more.
They charge 0.02 uplift on fuel, you can’t use the unit elsewhere.
Here’s the ONLY reason I’m considering it. As a new start company I CANNOT get finance even to the point where I’ve offered to pay a 3 month lease up front and still got rejected.
if your going to have anything to do with them,why dont you just drive for them,and make similar wages without any of the finncial greif that will follow you by being a chained monkey for them?
the reason you cant get finance is due to the fact that a new road haulage company has a massive alarm bell above it for anyone involved in it.
you might as well do the same thing for maritime and the others that try the same thing.
working for them for a few month will let you see what the work is like,and at the same time,you could actually ask someone else who is doing the lease truck noose thing just how good the pro and con aspect of it is.
everything about it sofar seems to be negative instead of just cab hopping for them.
But if they pay on 90 day terms then from day 1-89 you’ll be paying the fuel,unless I’ve misread it.
I can’t speak for the Stobart deal because I have no direct knowledge of it, but normally with this type of deal, everything you buy off or through the principal company is knocked off the earning for the relevant month. So month one’s fuel, unit lease, trailer hire etc are knocked of month one’s earnings. So you get the same credit terms which you have to give.
It is fair to say that you are unlikely to make a fortune on this type of contract but it does get you going and give you a trading history and first and maybe second years accounts to get the credit facilities in your own name to move your business on.
The % that stobarts take is to cover all their costs eg tyres, planning etc, so as long as you earn more than your fuel, lease & wages then you will be into profit, as previous comment mentions, it’s a start…
hmm…apart from driving brand new truck i dont realy buy it…
Its ridicilous amount of work…if i was doing that hours and mileage in my current work i would be at over 50k year paye.
You said you may buy Premium, what about MAN tgx with adBlue. My mate got one for 10500 more than year ago and apart ofrom compressor its been great truck…not great on fuel but you have freedom to change work…unlike tighting up with somebody…
