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
Specialises in the provision of a range of premium pastries, hot and cold snacks, speciality cakes and freshly baked breads for major supermarkets and local businesses across the North East. Highly skilled and experienced workforce whose professional...
LEASEHOLD
The business has been operated by the current vendors for over 25 years and this is the first time the site has been advertised on the open market for over 100 years. The business has built up an enviable reputation throughout the area for quality an...
FREEHOLD
Well-established and very popular MOT station and vehicle repair business Staffordshire. The business was established by our client in 2005 and is only now being offered to the market due to our clients’ desire for change of direction and to concentr...
FREEHOLD
|
15
|
|
Aug
|
Payroll and HR companies acquired by software group | BUSINESS SALE
IRIS Software Group has finalised the agreement of intent to...
|
14
|
|
Aug
|
NG Bailey’s acquisition of Freedom boosts its turnover by 16 per cent | BUSINESS SALE
Engineering and services group NG Bailey’s strategic a...
|
13
|
|
Aug
|
Forensic science equipment supplier completes MBO | MBO/MBI
A private equity firm has backed the management buyout of a ...
Sign up to receive our acquisition alert emails to get your FREE guide
|
13
|
|
May
|
Historic West Yorkshire manufacturer enters administration | ADMINISTRATION
A construction industry supplier based in West Yorkshire has...
|
23
|
|
Apr
|
The Hut Group buys Christophe Robin haircare brand | BUSINESS SALE
British e-commerce firm The Hut Group (THG) has acquired Fre...
|
19
|
|
Jan
|
Luxury lodging group enters administration | ADMINISTRATION
An Essex-based company which operates eight luxury lodge par...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources