Administration · 8 November 2010
ROK Building
Main contractor · Exeter · South West England
What happened
ROK BUILDING LIMITED (company number 00539441), incorporated in 1954, entered administration on 8 November 2010. Its status at Companies House is now: dissolved.
Why it failed
The directors blamed group losses on the construction downturn, local authority spending restrictions and underperforming contracts, and feared creditor pressure after a further profit warning.
- Main reason: Market downturn
- Losses on contracts
- Cash flow
Our summary of the reasons given in the administrators' proposals. These record the administrators' and directors' account of what happened.
An administrator, a licensed insolvency practitioner, takes control of the company to try to rescue it, sell the business or get a better result for creditors than a liquidation.
Previously known as: ROKBUILD LIMITED, EBC CONSTRUCTION LIMITED, SLEEMAN CONSTRUCTION LIMITED.
Timeline
The last accounts and payment report before the failure, then what happened, with the time between each.
31 December 2009
Last accounts filed were made up to this date
11 months later
8 November 2010
Administration started
2 years later
6 November 2012
Administration ended
6 November 2012
Creditors' voluntary liquidation started (shareholders resolved to wind up)
9 years later
17 June 2021
Company dissolved
AccountsPayment reportInsolvency
Before it failed
Key figures
- Owed to unsecured creditors (estimated), as at 8 November 2010
- £230.3m
- of which trade creditors £210.6m. HMRC owed £5.8m. staff owed £19.3m. a further £69.7m owed to its lenders. Expected return to unsecured creditors: prescribed part only (£600,000 in total)
- Directors' statement of affairs
The last accounts filed were full accounts made up to 31 December 2009, 10 months before it went into administration.
The full filing history, including any late filings, charges and director changes, is on Companies House.
Lessons learned report
We're writing plain-English reports on major construction failures: who was involved, why it happened, the warning signs and how long they were visible, and what to look out for next time.
Sign up to be told when reports are outIn the news
We haven't matched any press coverage to this company yet. Search the news for ROK Building.