BusinessBusiness RecoveryPotential buyers run rule over Rok

Potential buyers run rule over Rok

Administrators from PwC manage due diligence process at insolvent builder

“WELL-KNOWN NAMES” in the building industry are undertaking due diligence on insolvent Rok.

Administrators from PwC said several parties were running the rule over Rok’s three divisions.

“We are encouraged by the progress made; dialogue is expected to continue over the weekend and we remain hopeful that we will be able to secure a sale of some of the remaining businesses,” said PwC partner and joint administrator Rob Hunt.

Hunt, Mike Jervis , Rob Lewis and Jeremy Webb of PwC were appointed joint administrators of Rok Plc and Rok Building Limited on 8 November.

More than 700 Rok staff were made redundant last week.

 

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