Rok

Potential Buyers are Likely to Rule Over Rok

Some administrators from PwC have said that a number of parties are running the rule over Rok's three divisions.

PwC partner and joint administrator Rob Hunt said "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”.

On 8 November, Hunt, Mike Jervis, Rob Lewis and Jeremy Webb of PwC had been appointed as joint administrators of Rok Plc and Rok Building Limited.

Rok posts 47% fall in first-half pre-tax profits

Rok, building maintenance firm has posted a 47 per cent fall in its first-half pre-tax profits to £6 million, but said property market started showing signs of revival.

Rok’s revenues stood at £364.5 million for the first half ended June 30, down by 33 per cent.

Under the cost cutting measures, the company hacked as many as 750 jobs in November 2008.

The interim dividend payable on Oct. 9 has been trimmed down by 35pc to 0.75p by the company, making shares of the company to dip 9½ to settle at 48½p.

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