Mears has confirmed it is eagerly awaiting information on collapsed rival Rok’s social housing contracts and hopes to secure deals by the end of the week.
Bob Holt, chairman of the social housing and repairs maintenance provider, told Construction News his firm would be interested in any social housing contracts that are up for grabs.
Rok surprised the industry today as it filed for administration, after months of profit warnings and senior management change.
Now Mears has moved swiftly to contact administrators PwC to find out exactly what is on offer. Mr Holt said it was too early to say how many contracts his firm would definitely snap up.
He said: “We’re waiting to hear from the administrator and waiting to get access to information. That will probably be in the next 24 hours,” he explained. [Negotiations could take] another 24 hours. We hope to have deals done by the end of week. We are market leaders in providing these services. It’s [about] improving our footprint with some local authorities that we are not involved with.”
David Fison, chief executive officer of family-owned construction, civil engineering and property services firm Osborne, also expressed an interest in acquiring contracts.“If individual contracts come up and it makes sense we might consider them,” he said.
Earlier today the administrators appointed to Rok said deals to sell the business must be done quickly or business could “evaporate”.
Speaking about the level of interest in Rok’s assets, Mike Jervis, joint administrator at PwC, told Construction News: “It would be easier if someone bought the whole business. We have had conversations [with interested parties] about taking over the whole business or parts.”