{"id":3888,"date":"2019-03-12T08:21:23","date_gmt":"2019-03-12T08:21:23","guid":{"rendered":"https:\/\/cita.co.uk\/news\/?p=3888"},"modified":"2019-03-12T08:21:23","modified_gmt":"2019-03-12T08:21:23","slug":"lakehouse-contracts-applies-for-administration","status":"publish","type":"post","link":"https:\/\/cita.co.uk\/news\/lakehouse-contracts-applies-for-administration\/","title":{"rendered":"Lakehouse Contracts applies for administration"},"content":{"rendered":"<p>Lakehouse Contracts has applied to the High Court for an administration order.<\/p>\n<p>The <em>Enquirer<\/em> has seen documents detailing the application which is understood to have been granted yesterday.<\/p>\n<p>A number of subcontractors are known to have been pursuing claims against Lakehouse Contracts over unpaid bills.<\/p>\n<div class=\"ad-mpu ad-mpu-inline\">\n<div class=\"sleeve\"><a data-ad-id=\"209475\" href=\"http:\/\/www.constructionenquirer.com\/wp-content\/themes\/constructionenquirer\/adclick.php?url=https%3A%2F%2Fwww.faset.org.uk%2Fmembers%2Ffaset-member-list%2F%3Futm_source%3Dconstruction-enquirer%26utm_medium%3Dbanner%26utm_campaign%3Dconstructionenq-ads\" onclick=\"track_ad_click(this);\"><img decoding=\"async\" src=\"http:\/\/www.constructionenquirer.com\/wp-content\/uploads\/CE_FASET-MPU_FEB19.gif\"\/><\/a><\/div>\n<\/div>\n<p>Insolvency specialist CMB Partners is now understood to be in charge of the company.<\/p>\n<p>Lakehouse contracts was sold last summer for \u00a3500,000 to a company called Mapps Group Limited.<\/p>\n<p>The ex-owners are rebranded company Sureserv who set aside \u00a32.5m in their latest results to cover possible claims on contracts carried-out by their divested business.<\/p>\n<div class=\"ad-mpu ad-mpu-inline\">\n<div class=\"sleeve\"><a data-ad-id=\"122945\" href=\"http:\/\/www.constructionenquirer.com\/wp-content\/themes\/constructionenquirer\/adclick.php?url=https%3A%2F%2Fwww.eca.co.uk%2Fwhy-the-eca%2Fclients-specifiers\" onclick=\"track_ad_click(this);\"><img decoding=\"async\" src=\"http:\/\/www.constructionenquirer.com\/wp-content\/uploads\/ECA-Specifier-300x250-blue.gif\"\/><\/a><\/div>\n<\/div>\n<p>The \u00a32.5m is \u201cf<span class=\"uf\">or costs of claims under parent company guarantees and bonds which are considered probable following risk assessment of all outstanding parent company guarantees and bonds.\u201d<\/span><\/p>\n<p>One supplier said: &#8220;Something very odd has gone on here for the business to apparently go to pot within months of the PLC off-loading it.&#8221;<\/p>\n<div class=\"ad-mpu ad-mpu-inline\">\n<div class=\"sleeve\"><a data-ad-id=\"145884\" href=\"http:\/\/www.constructionenquirer.com\/wp-content\/themes\/constructionenquirer\/adclick.php?url=http%3A%2F%2Fndtg.training%2Fccdo-card%3Futm_source%3Dconstruction-enquirer%26utm_medium%3Dbanner%26utm_campaign%3Dconstructionenq-ads\" onclick=\"track_ad_click(this);\"><img decoding=\"async\" src=\"http:\/\/www.constructionenquirer.com\/wp-content\/uploads\/CCDO-Banner-Loop.gif\"\/><\/a><\/div>\n<\/div>\n<div class=\"ad-mpu ad-mpu-inline\">\n<div class=\"sleeve\"><a data-ad-id=\"120377\" href=\"http:\/\/www.constructionenquirer.com\/wp-content\/themes\/constructionenquirer\/adclick.php?url=https%3A%2F%2Fwww.palmersgroup.co.uk%3Futm_source%3Dconstruction-enquirer%26utm_medium%3Dbanner%26utm_campaign%3Dconstructionenq-ads\" onclick=\"track_ad_click(this);\"><img decoding=\"async\" src=\"http:\/\/www.constructionenquirer.com\/wp-content\/uploads\/CE_PALMERS-MPU_JAN19.gif\"\/><\/a><\/div>\n<\/div>\n<p>from Construction Enquirer https:\/\/ift.tt\/2T1wMAm<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lakehouse Contracts has applied to the High Court for an administration order. The Enquirer has seen documents detailing the application which is understood to have been granted yesterday. A number of subcontractors are known to have been pursuing claims against Lakehouse Contracts over unpaid bills. Insolvency specialist CMB Partners is now understood to be in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":150,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[9],"class_list":["post-3888","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-construction-enquirer"],"_links":{"self":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/3888","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/comments?post=3888"}],"version-history":[{"count":1,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/3888\/revisions"}],"predecessor-version":[{"id":3889,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/3888\/revisions\/3889"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/media\/150"}],"wp:attachment":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/media?parent=3888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/categories?post=3888"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/tags?post=3888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}