{"id":4102,"date":"2019-03-18T14:35:24","date_gmt":"2019-03-18T14:35:24","guid":{"rendered":"https:\/\/cita.co.uk\/news\/?p=4102"},"modified":"2019-03-18T14:35:24","modified_gmt":"2019-03-18T14:35:24","slug":"lakehouse-subbies-plan-showdown-with-sureserve-bosses","status":"publish","type":"post","link":"https:\/\/cita.co.uk\/news\/lakehouse-subbies-plan-showdown-with-sureserve-bosses\/","title":{"rendered":"Lakehouse subbies plan showdown with Sureserve bosses"},"content":{"rendered":"<p>Subcontractors owed millions by Lakehouse Contracts are planning a showdown with bosses at former owner Sureserve.<\/p>\n<p>Lakehouse went into administration and ceased trading last week following s string of complaints from suppliers over late payment.<\/p>\n<p>The demise of the company follows a turbulent seven months since it was sold last August for \u00a3500,000 to a company called Mapps Group Limited.<\/p>\n<div class=\"ad-mpu ad-mpu-inline\">\n<div class=\"sleeve\"><a data-ad-id=\"94603\" href=\"http:\/\/www.constructionenquirer.com\/wp-content\/themes\/constructionenquirer\/adclick.php?url=https%3A%2F%2Finfo.viewpoint.com%2FEMEAQ12019ConstructionEnquirerMPU.html%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\/Strife-Twitter-Bans-300x250.gif\"\/><\/a><\/div>\n<\/div>\n<p>The ex-owners are rebranded company Sureserve who set aside \u00a32.5m in their latest results to cover possible claims on contracts carried-out by their divested business.<\/p>\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>Sureserve is holding its Annual General Meeting on Tuesday and the <em>Enquirer<\/em> understands former subcontractors are planning a showdown with company bosses.<\/p>\n<div class=\"ad-mpu ad-mpu-inline\">\n<div class=\"sleeve\"><a data-ad-id=\"122797\" href=\"http:\/\/www.constructionenquirer.com\/wp-content\/themes\/constructionenquirer\/adclick.php?url=http%3A%2F%2Fwww.google.com%3Futm_source%3Dconstruction-enquirer%26utm_medium%3Dbanner%26utm_campaign%3Dconstructionenq-ads\" onclick=\"track_ad_click(this);\"><img decoding=\"async\" src=\"\"\/><\/a><br \/>\n<SCRIPT language='JavaScript1.1' SRC=\"https:\/\/ad.doubleclick.net\/ddm\/adj\/N6250.2036112CONSTRUCTIONENQUIRE\/B22323192.240763326;sz=300x250;ord=[timestamp];dc_lat=;dc_rdid=;tag_for_child_directed_treatment=;tfua=?\"><br \/>\n<\/SCRIPT><\/div>\n<\/div>\n<p>One subcontractor said: &#8220;We are on the hook for a lot of money here and want to know what exactly has gone on.<\/p>\n<p>&#8220;We&#8217;ve bought a few shares in Sureserve and will be turning up on the day to demand answers.&#8221;<\/p>\n<p>Another former company source said: &#8221; When Mapps took over they found nothing in the bank account and suppliers hadn&#8217;t been paid.<\/p>\n<div class=\"ad-mpu ad-mpu-inline\">\n<div class=\"sleeve\"><a data-ad-id=\"128602\" href=\"http:\/\/www.constructionenquirer.com\/wp-content\/themes\/constructionenquirer\/adclick.php?url=http%3A%2F%2Felfinkitchens.co.uk%2F%3Futm_source%3DConstruction%2520Enquirer%26utm_medium%3DMPU%26utm_campaign%3D100718%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\/Elfin_Construction-Enquirer-mpu_cyan-300x250-5.gif\"\/><\/a><\/div>\n<\/div>\n<p>&#8220;Lakehouse owe millions and that could mean a lot of subcontractors going out of business through no fault of their own.<\/p>\n<p>&#8220;Sureserve issued parent company guarantees and bonds on a series of jobs which weren&#8217;t transferable so they are facing payouts.&#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<p>from Construction Enquirer https:\/\/ift.tt\/2HvPSgG<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Subcontractors owed millions by Lakehouse Contracts are planning a showdown with bosses at former owner Sureserve. Lakehouse went into administration and ceased trading last week following s string of complaints from suppliers over late payment. The demise of the company follows a turbulent seven months since it was sold last August for \u00a3500,000 to a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":147,"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-4102","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\/4102","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=4102"}],"version-history":[{"count":1,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/4102\/revisions"}],"predecessor-version":[{"id":4103,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/4102\/revisions\/4103"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/media\/146"}],"wp:attachment":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/media?parent=4102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/categories?post=4102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/tags?post=4102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}