Lakesmere Group Goes Into Administration

6 November 2017

Lakesmere Group, the building envelope contractor, will shed 109 jobs as it enters administration today following a difficult trading time.  Deloitte have been appointed administrators of the Group which incorporates the parent company, Graceful Holdings.  The group as a whole employs 900 people with its UK base employing 249 people, it has offices in Altringham and Hampshire.

The firm had run into a number of financial difficulties and problem contracts in its UK business.

The group has a wholly owned subsidiary in Northern Ireland called in McMullen Facades which it is looking to sell. Its Middle East Subsidiaries are not affected. 

Recent high-profile projects the company has worked on include Canary Wharf Crossrail station in London and the National Graphene Institute in Manchester.

Lakesmere was founded by Mark Davey,

Richard Hawes of Deloitte said: "Lakesmere Ltd has experienced financial challenges, arising from a number of unprofitable contracts. This has resulted in Lakesmere Ltd being placed into administration. Unfortunately a number of redundancies have to be made in the UK and we are offering those affected support at this difficult time.

Categories: Construction, Administration, What is administration, Redundant Employee?