Chief executive of collapsed contractor among staff owed wages as scale of debts becomes clear
The former chief executive of collapsed contractor Rok, Garvis Snook, will have to line up with other creditors to stand any chance of reclaiming £7,471 of unpaid wages, according to documents filed by administrator, Pricewaterhouse Cooper.
The documents, prepared by Rok directors, show that Snook is one among thousands of employees who weren’t paid for their final week’s work by the contractor.
A total of £6.2m is owed in pay and benefits, with a further £332,000 owed in staff expenses. There is little likelihood of the expenses money being found.
The documents also clarify that Rok collapsed owing external subcontractors £92.8m, much more than had been thought at the time. Including debts to other parts of the Rok Group, this figure rises to over £280m.
Most of Rok’s debts were to small local builders, but a number of firms have been hit with multi-million pound losses.
The documents show £24.1m is expected to be realised by the sale of Rok’s assets, most of which will go to pay some staff wages and bank debts.
PwC’s publication of the data compiled by Rok, includes the names, addresses and weekly salaries of all of Rok’s staff who are owed money. However, the addresses of the most senior directors at the firm, including Snook, have been removed from the list. The Information Commissioner’s Office, after initially saying it was investigating the publication of the data, has since said it is not a breach of the Data Protection Act.
PwC joint administrator Rob Hunt said: “We are legally required to publish the company’s statement of affairs which includes the names and addresses of creditors.”
This story was updated at 10.00 AM on the 7th of January following a further statement from the Information Commissioner’s Office