Rok recovers £2m Ballast spend

Rok Property Solutions has already recovered its £2m spend to acquire the three northern regions of Ballast, which went into administration three months ago.

In a trading update issued this morning, Rok said that integration of new offices from Ballast should also enhance performance in 2004.

The group has announced that it is confident that pre-tax profit for the full year will meet market expectations.

Chief executive Garvis Snook said: "2003 will be our third year of profitable growth since the refocusing of the company in 2000. Our strategy of rationalising and integrating acquisitions while delivering strong organic growth via a low risk approach is again set to deliver strong results."

Rok's build division is expected to deliver record results thanks to like-for-like revenue and profit growth of over 20% combined with a maiden full-year contribution from the Llewellyn Group, now fully integrated into the Rok group.