Carillion’s bankers have launched a £225m fund to help subcontractors and suppliers hit by the construction and outsourcing giant’s collapse. HSBC, Lloyds Banking Group and RBS have all set up funds of £100m, £50m and £75m, respectively, after coming under pressure from business secretary Greg Clark. Under the funding schemes the three banks are offering a range of help including interest rate reductions, temporary emergency loans with no fees, overdraft facilities, working capital support and advice on financing strategies. Business […]
Construction hauliers are bracing themselves for the aftershock of Carillion’s high profile collapse this week.
Abbey Logistics and Lomas Distribution paid close to £300,000 for the majority of the bulk powder and warehousing business of collapsed operator Seafield Logistics.