Family run subcontractor Chigwell Construction is in talks to buy part of the remainder of ROK from administrator PwC.
Managing director Dean Floyd told Construction News he was hopeful of picking up Rok’s repair and maintenance and Decent Homes contracts with local authorities and housing associations in London, Essex and Hertfordshire.
The Essex based maintenance contractor has recently opened an office in west London.
“PwC seems to be struggling to sell the business - now they are looking at selling it piecemeal, which is good for companies our sort of size.”
Chigwell Construction MD Dean Floyd
Mr Floyd said ROK’s demise presented a significant business development opportunity.
He said: “We are talking to PwC and they are sending over a schedule of the contracts that are available this afternoon.
“PwC seems to be struggling to sell the business – we thought it was going to a major player that bought the whole thing but it seems they are shying away.
“Now they are looking at selling it piecemeal which is good for companies our sort of size.”
Chigwell currently employs 110 people while ROK has roughly 500 staff remaining.
Mr Floyd said he was hopeful of saving jobs in time for Christmas, suggesting he was in a position to take on as many as 100 ROK employees. “We would be willing to take on existing staff. That would all be part of the negotiations but I would like to secure jobs before Christmas.”
“Depending what contracts they supply us I think we are in a strong position to complete transactions quickly he said. It could be quite a good little journey.”
Mr Floyd predicted a barrier to the sale could be local authorities and housing associations that had drafted contractors to cover the interim period since ROK’s collapse.