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Rok collapse leaves subcontractors owed £280m

Subcontractors have been left almost £280 million out of pocket following the collapse of Rok, according to a creditors report by Price Waterhouse Coopers.

The bill, which is owed to unsecured creditors largely comprising of subcontractors, is part of a creditors bill totalling £360m.

Nearly 3,000 staff were made redundant and are now owed nearly £6m, while Brandon Hire, Jewson and Woleseley have been left nearly £4m out of pocket.  

Housing contractor Rok became the biggest casualty of the recession after it filed for administration, blaming its demise on government cuts and tough economic conditions.

After a tough six months that saw it release two profit warnings, suspend its finance director and highlight problems in its plumbing, heating and electrical business, a dramatic fall in trading during September tipped the new-build and maintenance contractor over the edge.


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