Council advises businesses to get in touch over Carillion

Monmouthshire County Council has issued a statement urging companies affected by the collapse of construction services company Carillion and with commitments to the authority to make early contact.

Following a statement regarding the collapse of Carillion PLC made at the recent meeting of the county council on 18th January, concerns remain about the wider impact on the company's private sector supply chain. The council has continued to monitor its wider networks for further insight and information and is aware of the UK Government's announcement last weekend of a further package of support for businesses and workers adversely affected by the Carillion liquidation.

Through delivery partners including all major high street lenders, the British Business Bank is making available up to £100m to small businesses which may not have the security normally required for conventional bank loans.  This support will be made through the British Business Bank's lenders using the Enterprise Finance Guarantee and can be used for overdraft borrowing and refinancing of existing debt.  This new package is in addition to more than £200m already announced by Lloyds Banking Group, HSBC and RBS.  Other sources of help include the Insolvency Service website which provides information for creditors impacted by Carillion's insolvency and the website of Carillion's official administrator, PWC, which provides information to those affected, including employees and suppliers.

Phil Murphy, Monmouthshire's cabinet member with responsibility for finance, said: "We welcome early dialogue with companies in Carillion's supply chain who are adversely affected and who may have difficulty honouring any current or future commitments to the authority.  We continue to actively monitor the situation and will be providing further updates as they become available."

Companies affected should contact cathfallon@monmouthshire.gov.uk for initial guidance.