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 […]
Government’s emissions strategy contains very little for the road transport industy, say associations
Trade associations are urging the government to provide more focus and funding to the road transport sector to help it play its part in reducing UK carbon emissions.
United Pallet Network member DBL Logistics has secured £1.8m of funding from HSBC to expand the business with a new 50,000ft² Sheffield DC. Due for completion in January 2013, the new site will run in tandem with DBL’s existing 25,000ft² facility in the Sheffield Business Park, and the company hopes additional volumes will boost its annual turnover, currently £3m per year. The company holds an O-licence for 15 trucks and trailers, but will look to increase the authorisation to 25 […]
South West Delivery Services owed almost £1.3m to creditors when it was placed into liquidation in June.