Mon, 06 Nov 2017 | ADMINISTRATION
A Winchester-based specialist building contractor has gone into administration at the cost of more than 100 jobs.
Administrators have now been appointed for Lakesmere – a company that provides roofing, cladding, specialist façade and building envelope construction services across the UK.
Out of the 241 workers employed for the firm, 109 have been made redundant. The administration comes after months of financial struggle arising from a number of unprofitable contracts.
Lakesmere Group Ltd is the parent company for Lakesmere Ltd as well as McMullen Facades Ltd and a number of overseas subsidiaries. McMullen and the overseas subsidiaries are not in administration and are continuing to trade solvently.
McMullen is based in Northern Ireland and will not be subject to the UK insolvency process, and no redundancies are being announced there. Altogether, 275 people are employed across these facilities.
The administrators from Deloitte are currently assisting the Lakesmere Group with options around the sale of McMullen as a going concern.
Search businesses in administration
Subscribe to the Business Sale Report
This is a unique opportunity to acquire a leading specialist in geotechnical and environmental site investigations, renowned for its expertise and strong client base among blue-chip companies and utilities.
Explore the opportunity to own a successful online business specialising in workwear and safety clothing, with the flexibility of a relocatable model.
An exciting opportunity to acquire one of the region’s longest established carpet and flooring retailers and interior design businesses.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.