Following the announcement of Wolverhampton-based company Carillion going into liquidation an emergency taskforce has been set up and actions are being put in place to support employees and businesses. If you would like business support please call our dedicated helpline on 01902 912322.

If you are experiencing cashflow shortfall due to the liquidation, the most important thing is to talk to your Business Manager today, as they will discuss with you the most suitable options that are available.

Britain's biggest banks have a range of measures to support firms and contractors affected by the administration. These include:

Barclays
Barclays has been contacting SME clients who work with Carillion to offer support and businesses can also speak to their regular banking contacts for information. Where clients are impacted, Barclays will look at increasing overdrafts, interest only loan repayments and immediate help with cashflow on a case-by-case basis. Businesses affected can contact a dedicated SME helpline on 0800 197 10865


Co-op Bank

Co-op will look to support any business customers with flexibility on facilities on a case-by-case basis. The financial support teams are available and ready to help, and affected customers can call 0344 844 8899.


HSBC

HSBC has launched a £100m package that will help customers with fees and repayment holidays. Affected business customers should call 0800 012 1614. The line will be open from 9am - 5.30pm Monday to Friday.


Lloyds Banking Group

Lloyds Banking Group has announced a £50m energency fund launched to help small businesses within Carillion's supply chain hit by its liquidation. Small business customers can apply through their usual relationship contacts. Affected business customers can call 0345 072 5555.


RBS

Royal Bank of Scotland has offered a range of flexible options to support impacted small business customers with a fund of £75m available to support affected SMEs. Affected business customers can contact their normal business contact or call 0345 600 2230.


Santander UK

Santander has annoucned a package of support for those impacted by the collapse of Carillion, covering both SME and residential mortgage customers. The bank has made £75m available for SMEs, which is designed to support Santander customers with a package of emergency measures that will be determined on a case-by-case basis. Affected SME customers should call a dedicated helpline on 0800 077 8850, which will be open 9am - 5pm Monday to Friday.


TSB

TSB has a team of specially trained Partners on hand to help any of its customers who are currently experiencing financial difficulty, or worried they might be in the future. Any customers who may be impacted by Carillion's liquidation, and who might be worried about their ability to manage their finances, now or in the future, should contacts their local TSB branch or call 03459 758 758.


Please click here for more information.

N.B. Regarding dealing with specific finance issues, all financial advisers have to be registered with the FCA, so please ensure that you contact your bank for advice on specific issues. This information has been provided by the Black Country Growth Hub.

Last Updated: Monday, 19 February 2018 09:31

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