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One of the directors of the Rok said rok has suffered a catastrophic September with 30pc revenue in the budget.

Garvis Snook, Chief Executive, said an agreement to ensure that repair of building and demand management services subscription Tesco "reflects the quality work directly employed technicians" home insurance customers.Snook confidence in his company also expressed financièrement.Le 4 October, alongside three other directors, he bought ￡ 97,059 Rok actions.

Just one month later, however, and society is administration.Même according to the standards of this recession, the rate of disappearance of Rok is shocking. Believed only consulting company have been informed of the impending administration late in the night of Sunday.

Mike Jervis, administrators a joint of PricewaterhouseCoopers, said Monday that Rok suffered a catastrophic September with and 30pc revenue budget .the ' fall, he said, was on the whole, but led primarily by the public sector - customers representing 55pc Rok - contracted cutting back of the construction business. As Rok was a fixed price basis to meet its contracts with clients such as insurance, this seriously trapped trésorerie.M flows.Jervis said: "when business turnover decreases farther because it was the case here, and you encounter finance commercial losses, you can run roads very quickly."

However, although difficult economic conditions, none of the rivals of Rok - prohibiting the Connaught - defunct reported that this terminal decline.For Rok investors, which include the BlackRock, this means a lot of questions, especially because of the bizarre events during the summer.

August 11, shares of Rok drops 45pc company has suspended its Finance Director after identification "serious misconduct" in financial reporting of its plumbing, heating and electricity.However, on 30 September, Rok has lifted the suspension and apologizes to Ashley Martin, who quit anyway, saying that he had found in the division of the problems were "due to scale back subcontracting of work in the private housing sector"and the weakness of operational, commercial and financial controls"."

Until Monday, it was last updated on Rok.On trade means refinancing talks were perpetrated with the Royal Bank of Scotland but negotiations close sources say the administration is not related to this because they were still at a stage "investigation" and are there any funding proposal on the table.

According to Mr. Jervis, management has asked banks to call administrators "due to difficulties to meet the financial obligations of the company" to fournisseurs.Cependant, he insisted suppliers were not squeezing the société.M. ""Jervis added: "we have a duty to examine the circumstances that led to the insolvency, including the conduct of Directors .donc we do that, we always, but I'm not going to comment on this yet."

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