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Mon September 27 2021

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Mansell rescues Rok remains in £7m deal

19 Nov 10 Balfour Beatty’s regional construction business, Mansell, has bought some of the remaining parts of Rok, while the rest has been closed, bringing to an end the Rok rescue story.

Ten days after administrators were called in, only 10% of the 3,800-strong workforce now remains employed.

Mansell has taken on Rok’s construction operations in Milton Keynes, Gatwick and Heathrow and the social house building businesses based in the South West and North West of England. These business have 381 employees.

Rok’s remaining construction operations in Reading, Crawley, Bristol and Exeter as well as the social house building activities in Leeds are being closed with approximately 235 further redundancies across these sites.

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Balfour Beatty paid £7m for Rok’s remans, of which £4m has been paid in cash and £3m will be paid as contracts transfer. It expects these operations to add £100m a year to group revenue.

Balfour Beatty said that the acquired segments will be integrated into Mansell. A company statement said: “Rok’s operations in affordable housing, which are principally in the South West and North West of the UK, will support Mansell’s strategy of being a leading provider in affordable housing where long-term demographics are favourable. Rok’s general construction activities will enhance Mansell’s existing capabilities at Heathrow and Gatwick airports as well as expanding its geographical presence into the South Midlands. We are working with Rok’s administrator towards an efficient transition of these operations to minimise disruption to clients and to protect jobs in the operations we are acquiring.”

Jeremy Webb, director and joint administrator, PwC said: “We are delighted that we have been able to secure a sale of part of the business hence preserving employment for 381 people. This is tinged with disappointment that there was not sufficient interest in the other parts and hence the redundancies that have been made.”

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