Ten days after administrators were called in, only 10% of the 3,800-strong workforce now remains employed.
Mansell has taken on Rok鈥檚 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鈥檚 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.
Balfour Beatty paid 拢7m for Rok鈥檚 remans, of which 拢4m has been paid in cash and 拢3m will be paid as contracts transfer. It expects these operations to add 拢100m a year to group revenue.
Balfour Beatty said that the acquired segments will be integrated into Mansell. A company statement said: 鈥淩ok鈥檚 operations in affordable housing, which are principally in the South West and North West of the UK, will support Mansell鈥檚 strategy of being a leading provider in affordable housing where long-term demographics are favourable. Rok鈥檚 general construction activities will enhance Mansell鈥檚 existing capabilities at Heathrow and Gatwick airports as well as expanding its geographical presence into the South Midlands. We are working with Rok鈥檚 administrator towards an efficient transition of these operations to minimise disruption to clients and to protect jobs in the operations we are acquiring.鈥�
Jeremy Webb, director and joint administrator, PwC said: 鈥淲e 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.鈥�
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