Lakehouse subbie goes after Sureserve for cash

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

Target Structural won an adjudication case against Lakehouse last week following a dispute on a major bathroom pod replacement contract in Enfield.

Lakehouse terminated Target’s contract last summer and the dispute was placed in the hands of an adjudicator.

The decision found in favour of Target on all counts and ordered Lakehouse to pay its former subcontractor £376,000.

But Lakehouse went into administration last month so Target bosses are looking to claim from the former owners.

The demise of the company follows a turbulent time since it was sold last August for £500,000 to a company called Mapps Group Limited.

The ex-owners are rebranded company Sureserve who set aside £2.5m in their latest results to cover possible claims on contracts carried-out by their divested business.

The £2.5m is “for costs of claims under parent company guarantees and bonds which are considered probable following risk assessment of all outstanding parent company guarantees and bonds.”

Target managing director Robert Hall said: “Lakehouse pulled our contract at the same time they were being sold.

“The ruling is clear that they had no legal right to do that.

“Obviously Lakehouse are now in administration but we will certainly be looking to make a case that the former owners at Sureserve removed us from the contract without any justification and we will be pursuing directors at Lakehouse and Sureserve.”

from Construction Enquirer http://www.constructionenquirer.com/2019/04/17/lakehouse-subbie-goes-after-sureserve-for-cash/

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