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 […]
Continuing delays in the Coronavirus Business Interruption Loan Scheme (CBILS) means operators are now on a cliff edge of financial ruin, the FTA has warned.
Bartrums has posted a combined turnover of £26.7m for its road services and haulage and storage arms, down on the previous year’s results, but pre-tax profit showed an improvement.
Profit at Fred Sherwood and Sons (Transport) saw a resurgence in the year to 31 March 2015, climbing almost 70%.