Felled by Rok.
Rok debt topples Chandos Timber
Published: 02 December, 2010
ROCHDALE: Timber frame supplier Chandos Timber Engineering is the latest victim to the collapse of Rok. The firm has gone into administration because of Rok bad debt and the general downturn in construction.
The collapse delivers a blow to developers and house builders in the north of England where the firm had gained a reputation for supplying and installing quality engineered timber framed structures.
Administrators from the accountancy firm Cowgill Holloway are trying to sell the assets of the business, which include a £4m purpose-built factory on the outskirts of the town. The administrator is said to be in talks with four potential bidders.
Administrator Jason Elliott said: "We had some potential buyers but they were more interested in buying the assets and not taking on the liabilities. Due to there being no working capital we had no choice but to let go of 170 staff. But we are still working with interested parties and we hope to draw it to a conclusion in the next two-weeks."