The collapsed lead site's statement of affairs estimates £38,911 in cash against £2.87 million owed to its bank. A comparison of the terms at Checkatrade, Bark, TrustATrader and MyBuilder shows the other ways tradespeople lose money on lead sites.
Tradespeople who were owed money by Rated People when it collapsed are unlikely to be repaid, according to the company's statement of affairs. The document, filed at Companies House on 1 October 2026, estimates that nothing will be left for unsecured creditors. A member who paid for a service they never received would normally have an unsecured claim.
Rated People closed its tradesperson memberships when it went into liquidation in September 2026, and its shareholders passed the resolution to wind the company up on 16 September. Checkatrade Group bought the brand and website the same week. Jobs posted on Rated People now go to Checkatrade members. The old memberships did not transfer.
The...