Rok plunges into administration

first_img whatsapp Rok plunges into administration Monday 8 November 2010 3:18 am John Dunne Building and social housing repairs firm Rok said it would go into administration and trading in its shares was suspended.“The board of Rok plc announces that it has resolved to put the company into administration and to make an application to the Financial Services Authority to suspend the listing and trading of the company’s ordinary shares,” the company said.Earlier this year Rok’s rival Connaught went into administration after it was hit by profit warnings. Major government spending cuts have also loomed over the sector as Whitehall reduces spending on welfare and benefits.In September Rok cleared its former finance director Ashley Martin after an investigation failed to uncover any evidence of malpractice on his behalf related to problems at its plumbing, heating and electrical unit.The probe into the PHE unit showed the problems “were due to a scaling back of sub-contracting work from the private housing sector and a combination of weak operational, commercial and financial controls within that part of the business.”Rok’s chief executive Garvis Snook had said at the time of Connaught’s demise that Rok would be poised to pick-up some of Connaught’s contracts to provide maintenance for homes run by local authorities throughout Britain.Only last month Rok announced that it had won a £32m contract with the Scottish Government’s economic and community development agency to provide design and construction services for the Highlands and Islands Enterprise. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteBridesBlushThis Is Why The Royal Family Kept Quiet About Prince Harry’s Sister BridesBlushcenter_img Tags: NULL More From Our Partners Kansas coach fired for using N-word toward Black playerthegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Show Comments ▼ whatsapp Sharelast_img read more