Lloyds Bank to support its small business customers

Lloyds Bank has said it will provide £50m to support its small business customers who are struggling following the failure of outsourcing company Carillion and after the government refused to insure its debts.
Meanwhile, Nationwide building society has said it will take in-house jobs which were performed by Carillion.
Lloyds said its fund was for small businesses within Carillion’s supply chain that “may now be experiencing financial difficulty”.

From 22 January 2018, 250 staff, mainly cleaners and maintenance workers, who were on the Carillion payroll, will be employed directly by Nationwide.

It will also take over contracts arranged by Carillion, which provide employment for another 1,500 workers.
Carillion went into liquidation earlier this week, threatening thousands of jobs, about 20,000 of them in the UK.

If you are considering a company merger, acquisition, takeover or joint venture or are in the midst of a shareholder dispute or share capital transaction or need business advice please contact us. Call 0161 785 3573 to speak to John Porter and Soibi Iketubosin in our Company/Commercial Department or email jap@wrigleyclaydon.com or si@wrigleyclaydon.com

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Shalish Mehta

Shalish is an experienced dispute resolution solicitor who joined the firm in 2002 ago upon qualifying as a solicitor and provides a proactive approach whilst retaining the personal touch to help you achieve the best possible outcome for your case. He acts on behalf of both private individuals and commercial clients. He can assist and advise at any stage of a dispute including mediation through to court action and injunctions. Shalish is a keen sportsman, regularly playing cricket and five-a-side football and also watching live sport. He enjoys city breaks and takes great pleasure in sampling different cuisines from around the world. Shalish is fluent in Gujarati and will happily represent those for whom Guajarati is the first language, in English. He is also happy to offer his services as a translator to our clients as necessary. What clients say about Shalish: “We feel the service was perfect and found our solicitor, Shalish Mehta, very professional and helpful in all aspects”