Rok administrators cut 235 positions

Rok administrators cut 235 positions

PwC administrators have made 235 redundancies, but say they saved 381 jobs

ADMINISTRATORS FROM PwC have announced 235 redundancies at collapsed building company Rok, but said they secured 381 jobs via an agreed sale.

Mansell Construction Services will buy the construction and social housing divisions in Milton Keynes, Gatwick and Heathrow, with the transaction scheduled for completion today.

The remainder, including divisions in Reading, Crawley, Bristol, and Leeds will close, resulting in the job losses.

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

PwC director and joint administrator Webb said: “We are delighted that we have been able to secure a sale of part of the business hence preserving employment for 381 people.

“This is tinged with disappointment that there was not sufficient interest in the other parts and hence the redundancies that have been made today.”

The administrators continue to retain a team of people across the Group to assist them in their duties including in the winding down of the Groups operations.

 

 

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource