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| Version 0 | Version 1 |
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| Building firm Rok set to enter administration | Building firm Rok set to enter administration |
| (about 2 hours later) | |
| Rok, the Exeter-based building services company, has said it is to place itself into administration. | Rok, the Exeter-based building services company, has said it is to place itself into administration. |
| In August, the company - which employs more than 2,000 trades people - reported a £3.8m loss for the first half of the year. | In August, the company - which employs more than 2,000 trades people - reported a £3.8m loss for the first half of the year. |
| Just one week before the results, the group said it had uncovered "serious failings" in financial and operational controls. | Just one week before the results, the group said it had uncovered "serious failings" in financial and operational controls. |
| Rok works for councils, schools, housing associations and businesses. | Rok works for councils, schools, housing associations and businesses. |
| It is among the leading providers of building services to affordable housing and insurance customers. | It is among the leading providers of building services to affordable housing and insurance customers. |
| The announcement comes just 10 weeks after social housing firm Connaught entered administration - leading to some 1,400 redundancies. | The announcement comes just 10 weeks after social housing firm Connaught entered administration - leading to some 1,400 redundancies. |
| In a statement, Rok said: "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." | |
| Last month, Highlands and Islands Enterprise (HIE) signed a four year contract worth £32m with Rok to handle every stage of most of its building projects. | |
| The deal covered the design of buildings through to their construction and completion. | |
| Its previous work for the enterprise agency includes building Inverness's £22m Centre for Health Science. |