{"id":5014,"date":"2019-04-17T07:27:40","date_gmt":"2019-04-17T07:27:40","guid":{"rendered":"https:\/\/cita.co.uk\/news\/?p=5014"},"modified":"2019-04-17T07:27:40","modified_gmt":"2019-04-17T07:27:40","slug":"lakehouse-subbie-goes-after-sureserve-for-cash","status":"publish","type":"post","link":"https:\/\/cita.co.uk\/news\/lakehouse-subbie-goes-after-sureserve-for-cash\/","title":{"rendered":"Lakehouse subbie goes after Sureserve for cash"},"content":{"rendered":"

A subbie owed money following the collapse of Lakehouse Contracts is vowing to go after the firm’s former parent company for cash.<\/p>\n

Target Structural won an adjudication case against Lakehouse last week following a dispute on a major bathroom pod replacement contract in Enfield.<\/p>\n

Lakehouse terminated Target’s contract last summer and the dispute was placed in the hands of an adjudicator.<\/p>\n

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The decision found in favour of Target on all counts and ordered Lakehouse to pay its former subcontractor \u00a3376,000.<\/p>\n

But Lakehouse went into administration last month so Target bosses are looking to claim from the former owners.<\/p>\n

The demise of Lakehouse follows a turbulent time since it was sold last August for \u00a3500,000 to a company called Mapps Group Limited.<\/p>\n

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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

The \u00a32.5m is \u201cfor 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

Target managing director Robert Hall said: “Lakehouse pulled our contract at the same time they were being sold.<\/p>\n

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