The Group have concluded the sale of Lakehouse Contracts Limited, based in Brentwood, and Foster Property Maintenance Limited, based in Norwich, to the Mapps Group, a newly formed entity backed by a team of sector specialists.
The Sale will allow the Group to concentrate on its core growth businesses of Compliance and Energy Services divisions, both of which are sector specialists, with profitable and cash generative business models.
Bob Holt, Chairman of the Lakehouse Group, said: “I am delighted with the sale, which will allow the Group to focus on its Compliance and Energy Services activities. Both are businesses where we have strong market positions, which help underpin more predictable and profitable revenue streams.
" I believe that Lakehouse Contracts and Foster under the private ownership of Mapps Group will do well.
" I want to thank the staff of Lakehouse Contracts and Foster for their professionalism during what has been an uncertain time and wish them all the best for the future.”
For more information on this story you can read the Regulatory News release here.
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