Mansell snaps up remains of Rok for just £7m

Grant Prior 14 years ago
Share

Mansell has bought parts of the construction and social house building division of Rok in a £7m deal saving 381 jobs.

The Balfour Beatty subsidiary has taken-on Rok’s former construction operations in Milton Keynes, Gatwick and Heathrow and the social housing businesses based in the South West and North West of England.

Balfour said the deal will add £100m a year to group revenue.

Balfour Beatty Chief Executive Ian Tyler, said:  “The strategic fit between the operations of Rok and Mansell, reinforced by the quality of the Rok management team and staff, presents a big opportunity for us to develop our UK regional business on attractive terms to our shareholders.”

The remaining construction operations in Reading, Crawley, Bristol and Exeter as well as the social house building activities in Leeds do not form part of the sale and will now be sold with approximately 235 redundancies across these sites.

Administrator PwC said it continues to retain a team of people across the Group to assist them in their duties including in the winding down of the Groups operations.

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 today.”

Essex based contractor Chigwell Construction is believed to still be interested in the social housing repair and maintenance operations covering London, Essex and Hertfordshire.

Bosses at Chigwell are currently looking through the contracts up for grabs after a host of other firms dropped out of the running.

Chigwell has recently opened a new office in west London and is looking to expand in the capital and surrounding counties by targeting work with housing associations.

Latest news

Three Keltbray managers took £600,000 in bribes

Site managers convicted for taking kickbacks from labour supply specialist
7 hours ago

Bidding starts for £1bn YORcivil major works deal

Eight firms face fight to renew places on big civils framework
8 hours ago

ECF clinches deal for Hull 850-home urban village

East Bank waterside village plan advances
22 hours ago

Maintenance firm Cardo in second Scottish acquisition

North Lanarkshire property maintenance firm Rodgers & Johnston bought
7 hours ago

Kier confirms £41m Salford Uni health building job

Work starts on specialist three storey teaching building
9 hours ago

Passenger train derailed after hitting track left by Colas workers

Contractor and Network Rail asked to make improvements after accident
21 hours ago

Bryson signs £6m safety products deal with Skanska

Safety specialist becomes sole supplier to contracting giant
20 hours ago

Murphy wins £120m St Fergus gas compressor project

Three low emission compressor units to be installed for National Gas
17 hours ago

Blenheim House payout hopes fade as claims hit £33m

Suggested 10p in the £1 payout for subcontractors now unlikely
1 day ago

£1.3bn decarbonising and fire safety deals out for bid

South East Consortium starts hunt for firms for housing upgrade work prize
1 day ago

£30m turnover M&E contractor files administration notice

TNA Electrical makes administration application
1 day ago

Plan for first big offices at £1.7bn Manchester innovation hub

500,000 sq ft of offices planned at renamed Sister development
1 day ago

Murphy starts work on £2.5bn Eastern Green Link 1

Giant subsea electricity cable project will take three years to build
1 day ago

Subcontractors wanted for work across Birmingham

Latest Constructionline event: Register now
1 day ago

Acheson Construction files administration notice

£53m turnover South West contractor lodges court notice
2 days ago

Hunt for 10 firms to deliver £37bn new hospital plan

Race starts for mega-framework with pledge to spread work among all firms
2 days ago

Springfield to build homes for army of green energy workers

Scottish house builder sells 2,480 plots to Barratt Redrow in strategy switch
2 days ago

Preferred bidder for Stoke city centre scheme

Genr8 Kajima to build Etruscan Square scheme in Hanley
2 days ago

BAM go-ahead for £56m Glasgow leisure centre

Work to start on East Renfrewshire complex later this year
2 days ago

Network Rail fined £3.75m after double track worker death

Michael Lewis and Gareth Delbridge were killed while working on rail line in Wales
5 days ago

Local contractor Castle lands £60m South Shields campus

Work to start this summer on new home for South Tyneside College and South Shields Marine School
5 days ago

GRAHAM wins £100m deal after safety regulator approval

Dyecoats scheme in Leeds becomes one of first to receive Building Safety Act Gateway 2 green light
6 days ago

London Super Sewer now fully connected

10-year construction programme draws to a close
5 days ago

McLaren signs off £125m London Bank over-station job

Developer Helical secures funding deal for 8-storey office job
5 days ago

Work on Labour’s new towns to start by 2029

More than 100 sites put forward for a dozen new town locations
6 days ago

Unite hails 12 years without a site accident at Battersea

More than 4,000 union members have worked on the redevelopment without a single serious accident
5 days ago

Housing orders surge offers hope after 5.2% new work fall last year

Housing orders surged 24% in final quarter of 2024 as developers release schemes
6 days ago

McLaren Property gets new Construction Director

Jon Mangham joins from Equans
6 days ago

BAM Construction suffers £40m loss after Co-op Live setback

Civils business profit surges 24% to £80m
6 days ago

Over 150 jobs axed as J S Wright goes under

Insolvency specialist FRP Advisory goes in at Birmingham M&E specialist
6 days ago

Contractor services