Home / Contract / Van Elle shares plunge as it reveals £1.6m exposure to Carillion

Van Elle shares plunge as it reveals £1.6m exposure to Carillion

Van Elle shares plunge as it reveals £1.6m exposure to Carillion

Meanwhile John Laing Infrastructure Fund stated that Carillion was once the amenities supervisor on 9 of its tasks, price about eight.5pc of its overall portfolio and nine.6pc of its web asset worth, however added that the cave in “should have no material impact”.

The corporate published it was once already in discussions with attainable alternative provider suppliers on all 9 of the tasks, which it stated it anticipated may well be performed “with minimal service disruption and minimal additional cost”.

Premier Technical Services Group, any other smalled indexed provider, which carries out paintings on behalf of Carillion to the music of £800,000, stated it was once owed £300,000 by way of the corporate however that this were “fully accounted for” on its steadiness sheet, including the have an effect on could be “minimal”.

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