Lakehouse lines up buyer for loss-making construction arm

By Hamish Champ2018-06-26T11:28:00

Group will now focus on energy services and compliance, says chairman

Lakehouse, the support services group which faced a shareholder revolt two years ago in the wake of what would prove to be the first of two profit warnings, has announced the planned sale of its construction and property services operation.

Details of the buyer have not been released, nor has the firm revealed how much it received for the pair of loss-making businesses.

Lakehouse chairman Bob Holt said the group had planned to exit from Construction and Property Services and had now signed heads of agreement to sell the businesses, which were being acquired by what he called “a team of sector specialists”.

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