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Monday, 8 November 2010

Rok plc in administration this morning

Rok plc has fallen into administration, the company announced this morning. This is another blow for the embattled construction sector as Rok plc follows its rival Connaught plc which collapsed in September.
Rok plc had been growing fast and had bought social housing specialist Richardson Projects, in 2008, which employed 350 people working from offices in Rochdale and Leeds. The company was originally based in the West Country but has expanded through acquisition and in its last accounts report 2009 announced £718m of revenues with profits of £22.6m. It was expected to benefit further from contracts taken over from Connaught plc so this collapse has shocked investors.

The construction sector activity is forecast to fall by 5% next year and given that it represents 10% of GDP this will have an impact on the wider economy.

If you are an employee or creditor of the company and are worried then look at our special page for employees and creditors of the company here. You will find guides for employee rights, how to make claims for redundancy and support for creditors..


If you are a supplier to the firm then please contact us on 0800 9700539 if it means that your company may encounter difficulties as a result of the shock news on ROK plc.. There are solutions!

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Many thanks for your comments. If you have a private business problem and you want advice give us a call on 0800 9700 539 or email me at keiths@companyrescue.co.uk. If you are a professional advisor with a troubled client, please suggest they visit www.companyrescue.co.uk or contact me as above.

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