Sureserve sets aside £2.5m to cover Lakehouse defects

By Jordan Marshall2019-01-24T12:20:00

Sureserve said it had made a £2.5m provision of £2.5m to cover claims made under parent company guarantees and bonds

The former parent company to Lakehouse has set aside £2.5m of cash to cover issues stemming from jobs the contractor was carrying out before it was sold.

In its preliminary results for the year to September 2018, Sureserve said it had made provisions of £4.9m in its accounts that were associated the disposal of Lakehouse Contracts Limited and Foster Property Maintenance Limited.

Sureserve sold Lakehouse Contracts for £500,000 to a company called Mapps Group Limited last summer.

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