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Building firm Rok files for administration

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Building firm Rok – which numbers Axa and Zurich among its insurance clients – this morning announced that it had filed for administration.

Only last week it was appointed to handle work for newly launched Tesco Underwriting. And in August it announced plans to recruit an extra 50 staff following a £40m contract win with Axa Assistance.

At 7am this morning, the company issued the following statement to the London Stock Exchange: “The board of Rok Plc announces that it has resolved to put the company into administration and to make an application to the Financial Services Authority to suspend the listing and trading of the company’s ordinary shares on the Stock Exchange.

“It is anticipated that the administration and suspension will become effective shortly. Further announcements will be made in due course.”

Source : Post Online