Builders Merchants Journal – BMJ Publishing to Builders Merchants and the UK merchanting industry for more than 95 years
The administrators of failed building firm Rok have only been able to realize £7m for the company’s assets, despite trade debts standing at around £200m.
Construction Enquirer reports that a host of interested contractors pulled-out of prospective deals once they saw the state of Rok’s books.
Rok was turning over £600m a year and at one time was valued at more than £450m by the Stock Exchange.
The trade contractors owed money by Rok are unlikely to see their money and of the thousands employed, only around 381 jobs were saved when Mansell bought some of the assets.
