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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Lakehouse | LSE:LAKE | London | Ordinary Share | GB00BSKS1M86 | ORD 10P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 35.00 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 35.00 | 37.00 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 35.00 | GBX |
Lakehouse (LAKE) Share Charts1 Year Lakehouse Chart |
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1 Month Lakehouse Chart |
Intraday Lakehouse Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 27/3/2019 | 15:26 | Lakehouse - asset and energy support services group | 939 |
| 19/9/2018 | 20:36 | Lakeside Distillery | - |
| 10/6/2012 | 23:30 | Cumbria's Great! | 8 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
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Posted at 27/3/2019 09:19 by diduno The share are now listed under the new company name of Sureserve. |
Posted at 12/10/2018 14:31 by jsmith1982 To confirm its two ex Lakehouse Contracts employees who left back 2013 after the initial fraud was discovered.I'm also concerned by other news, Lakehouse Contracts (the business just sold for £500k) has just appointed a second director. It could be a coincidence but the their occupation is down as SHEQ director, and by chance Mears Plc (same chairman as Lake) has a SHE Director by the same name. Have Lake allowed a good business to loose direction, not managed to sell it for a fair price and then sold it on the cheap to connected parties. A number of the senior management from the Lakehouse Contracts business moved over to Lake before the sale went through to help close out legacy job, on top of this the CFO is moving on (which I see as a positive thing). There is likely to be large redundancy/notice payments going through at present, eating up cash, which ideally would be used to pay down the debts. I suspect the year end accounts are going to have a large number of 'exceptional' items going through (just like the last few years) and picking through the numbers is going to be very difficult. Who knows what the underlying business really looks like! |
Posted at 12/10/2018 10:53 by diduno Please look at Evening Standard & Daily Mail online articles regarding Lakehouse and some of its subcontractors. It appears that 2 of Lakes contracts managers have been charged alongside 2 directors of Polyteck which, as most will know, formed Mapps FM, part of the Mapps group that took over Construction & Property Services from Lake.What on earth is going on at Lake/Sureserve? |
Posted at 22/9/2018 09:48 by diduno Unfortunately, I think you are probably right. The companies, or some directors of Lake, will possibly merge with the newly established Mapps Group at some point in the future and all will do very nicely thank you. I am surprised that shareholders are content to sit back and witness the board of Lake effectively give large parts of its business away for so little return. I cannot imagine that any of this will be to Lake's benefit. |
Posted at 20/9/2018 10:34 by diduno Trustman - it could well be that the scenario you describe is very much a potential risk. But why were parts of Lake effectively undersold to a subcontractor that appears to have been involved with issues at Hackney Council alongside Lake, and isn't it odd that the newly formed sector specialist, Mapps, will be sharing accommodation with Lake. Is this not a sell off in name only? Shareholders must draw their own conclusions. |
Posted at 19/9/2018 20:36 by bargainbob Looking to float on AimThe Lakes Distillery, a leading English single malt whisky distillery, is pleased to announce it is exploring the possibility of seeking admission of its shares to trading on AIM, the London Stock Exchange’s market for smaller growing companies. The Company has appointed N+1 Singer as its Nominated Adviser and Broker in relation to a possible admission and a potential fundraising by way of a placing with institutional shareholders to raise up to £15 million of growth capital in the latter part of 2018 (together the ‘IPO’). A meeting has been convened for later this month at which various resolutions needed to enable the IPO to take place are to be put to the Company’s shareholders for approval. Background on the Company The Lakes Distillery was formed in 2011 and commenced operations in December 2014 with the aspiration to create a global luxury whisky brand. As well as distilling and maturing initial stocks of premium single malt whisky the Company has built a portfolio of award-winning premium spirits brands including: a world’s first blend of British Isles whiskies, The ONE; Steel Bonnets, a world’s first of English and Scottish blended malt whiskies; The Lakes Gin; The Lakes Vodka; and a range of flavoured liqueurs. As an English single malt whisky distiller, The Lakes Distillery is classified as a World Whisky, the high growth segment of the global whisky market. Strengthening the team The company was founded in September 2011 by Paul Currie, COO, when he acquired the distillery site located in the Lake District National Park, and was later joined by Nigel Mills, CEO and Co-Founder in April 2012. As it positions itself for the next stage of growth, the Company has assembled a strong Board and senior executive management team, including considerable and relevant expertise in producing high quality whisky, building a global luxury brand and growing a business to generate shareholder returns. In addition to Nigel and Paul, the executive team includes Deloitte-trained David Robinson as Chief Financial Officer; and Dhavall Gandhi, who joined the Company from The Macallan Distillers, as Chief Whiskymaker. The Non-Executive Directors comprise Dr Alan Rutherford, Chairman, who held the role of Production Director at Diageo from 1989 until his retirement in 2000 and was awarded an OBE for services to the Scotch Whisky Industry in 1996; Tim Farazmand, formerly a Managing Director of Lloyds Development Capital, where he backed high-growth opportunities in the consumer sector, including Fever-Tree Drinks; Paul Neep, formerly CEO, and latterly Chairman of the whisky distiller Glenmorangie PLC, where he was instrumental in building the premium global luxury whisky brand Ardbeg and in the latter years worked closely with Louis Vuitton Moet Hennessy following the sale of Glenmorangie to LVMH in 2005; and Richard Hutton the Finance Director of Greggs plc. Nigel Mills, CEO of The Lakes Distillery, commented: “The Lakes Distillery has strong brand credentials, is located in an area of outstanding natural beauty, the Lake District National Park, a UNESCO World Heritage site, and has a successful track record of innovation and brand development. “We believe we are well positioned for growth, with multiple revenue streams, and an appreciating asset in the form of our whisky stock, developed using our multi-oak, multi-sherry led production process. “We are exploring an IPO as a flexible source of capital to allow us to increase our production significantly, whilst remaining independent and focused on quality, as well as investing in our whisky stock, our sales and marketing capabilities and our distribution channels. Ultimately this will help us to achieve our ambition to build a global luxury whisky brand.” |
Posted at 12/9/2018 10:06 by diduno sharw - why was it not made clear that Lake's subcontractor, Polyteck (or should I say its directors now heading the newly established Mapps FM), would be taking over Construction, Property Services and Fosters? You will recall that Hackney's Mayor warned social landlords of the problems it had encountered with Lake & Polyteck and of contemplated civil proceedings. Bearing in mind that Construction turnover was in excess of £90m and Fosters in excess of £30m in 2017, the deal concluded with Mapps does appear attractive for the newly formed company described as sector specialists. How can a company with no track record be described as specialists? It may prove to be a disaster.There was also no mention that Mapps would be sharing Lake's offices? Could this be a sell off in name only in order to disassociate both Lake and Polyteck from the bad press linked to the Mayor's letter and possible civil proceedings by Hackney? Unfortunately, information passed to me indicates that there will be more bad news for Lake in the near future. Rather than attempting to ridicule my posts, which I only make as constructive criticism and warning to shareholders, it would possibly be beneficial for those investing to undertake their own checks on this company. You are perfectly entitled to ignore my posts and proceed as you see fit which I dare say is what most have done whilst enduring the collapse in the share price. |
Posted at 19/8/2018 11:33 by diduno 1newtothis - I'm sorry to have to tell you that your information source is misleading. Whilst Lake may well claim that it was they who first notified police of a fraud, is this the fraud currently being investigated by police? My sources tell me that it isn't.Furthermore, Bob Holt has previously stated that Lake was not complicit in the fraud and that it was just a few rogue staff. This begs the question were these rogue staff, who I am informed were senior managers responsible for £millions of work, not managed or supervised by their superiors or directors? If so, what were they looking at in order to permit, what appears from Hackney Mayor's correspondence with other authorities, to be an extremely serious fraud take place. Moreover, if these managers were staff of Lake, is the company not ultimately responsible? Lake cannot simply wash its hands of corrupt staff and claim they did not form part of the company together with all the other staff it employs and credits for their professionalism. Taking into account the above, how or why was Lake allowed to float on the stock market shortly before news of the fraud was publicised? Were the relevant authorities aware of the reported fraud and had the company, as it claims, reported it to police before or after the flotation? Either way, a lot of investors have lost a lot of money based on the float price of 89p and I think these questions should be addressed. Whilst we are all aware that past performance is no indicator of future performance, it is my belief that, in this instance, it will be. With reference to the sale of Construction, Property Services and Fosters to the Mapps Group, it must be accepted that this private limited company was only established in June of this year. It has absolutely no track record or even phone number or email address listed, although it is claimed to be backed by 'sector specialists'. Who are these specialists? Are they related to Lake? Inewtothis and vfast should simply ignore my posts if they believe them to be of no value. |
Posted at 17/5/2018 07:43 by igoe104 Lakehouse plc("Lakehouse" or the "Group") Acquisition of Just Energy Solutions Ltd Lakehouse, the asset and energy support services group, is pleased to announce the acquisition of the entire share capital of Just Energy Solutions Ltd ("JES" or "the business"). JES is a private sector heating and renewables specialist, providing services for large energy companies, retailers and private householders. The business is headed by Managing Director, Neil Ring and based in St Albans. JES complements the current activities of the Group's three Gas compliance businesses, which together provide national coverage with public sector clients. The business also bridges to our smart metering operations in Providor, which employs 300 engineers in the private sector. JES offers the Group an important strategic adjacency in taking our activities further into the Industrial and Commercial and domestic markets. The business was founded in 2011 by Neil and Alan Ring and is based in St Albans. Whilst JES has a national footprint, the focus of its operations is in the home counties and working with Lakehouse, the aim will be to expand its geographic presence in private sector gas and renewables. JES is also the country's leading provide of solar buyback services, as recently covered in the Financial Times on 5 April, which offers additional opportunity for growth. Following completion of the acquisition, Neil will continue as Managing Director and take responsibility for driving the strategy of the business in co-operation with the wider Lakehouse Group. The acquisition represents a further step in Lakehouse's growth strategy as the Group continues to expand its geographic breadth and range of service offerings, with a focus on compliance and energy services. An immediate focus will be to deliver procurement savings to JES through the Group's scale and buying strength, complimented through medium term top line growth. With this in mind, the consideration has been structured as £nil payable on Completion and deferred sums based on the profitability of the business over the next two years. JES has some 50 staf |
Posted at 01/4/2016 07:17 by masurenguy Slater Investments LtdEGM Statement RNS Number : 7965T 01 April 2016 On 31st March 2016 Slater Investments Limited and Steve Rawlings issued a statement to Lakehouse shareholders commenting on the proposed Extraordinary General Meeting to be held on 19th April 2016. Mark Slater of Slater Investments commented "We have requisitioned this General Meeting to address the serious governance deficit on Lakehouse's Board with a view to restoring shareholder value through the proposed appointment of the new Non- Executive Directors. The Board has attacked the proposed candidates in its circular to shareholders despite making very different noises in private and has argued that if we are successful the newly configured Board will not be compliant with the UK Corporate Governance Code. The proposed candidates have committed to addressing the balance between Executive and Non-Executive directors in due course. However, they will initially focus on far more important issues. Corporate governance is not just about box-ticking." Steve Rawlings commented "I founded Lakehouse in 1988 and have become deeply concerned by recent events as my family has a substantial investment in the Company. The business has great potential and I hope to be able, along with Ric Piper and Robert Legget, to help get Lakehouse back on track and then to fulfil its considerable potential." Shareholders are urged to vote in favour of the resolution Thursday, 31 March 2016 Dear Lakehouse Shareholder, You received a notice of seven ordinary resolutions to be considered, and if thought fit, passed at the forthcoming requisitioned General Meeting of Lakehouse plc ("Lakehouse" or "the Company") at the offices of Eversheds at 1 Wood Street, London EC2V 7WS on 19th April 2016 at 2.30pm. We have called a General Meeting to address the serious governance deficit on the Board by proposing the appointment of individuals with the skills necessary to assist the executives in restoring shareholder value. We ask you to support our resolutions to remove three Non-Executive Directors and replace them with three very capable candidates - Steve Rawlings, Robert Legget and Ric Piper. Please vote in favour of all resolutions. Why are we taking action now? Lakehouse's history as a public company is short and disappointing. Lakehouse listed on 23rd March 2015 at a price of 89p per ordinary share. On 10th December 2015, Stuart Black, at the time the Company's Executive Chairman, reported that "the Board remains confident for the current financial year." Only eight weeks later, on 1st February 2016, the same Board issued a major profit warning. The share price fell 58% from 84p to 35p. Since we requisitioned this General Meeting the shares have rallied a little. We do not believe that the Board has a firm grip on the Company and its prospects. We believe that our three candidates for the Board will bring much needed perspective, experience and energy to the Company and enable it to realise its potential. We believe the proposed candidates will be able to identify quickly action that is needed and to develop, with the executives, a strategy to restore shareholder value. The Board Response to our action The Board's response to our calling a meeting of the shareholders was received badly by the stockmarket. Crucially, the Board did not address its own disastrous stewardship of Lakehouse and failed to offer any positive reasons why it deserves your support. Instead, the Board questioned the suitability of the individuals we proposed. Privately, however, the Board thought differently and decided two of them were suitable as Non-Executive Directors in the event we abandoned the Requisition. The new Non-Executive Directors Steve Rawlings has demonstrated a lifetime of successful entrepreneurship and accomplishment. In 1988 he founded Lakehouse leaving the Board in 2015 following a successful flotation on the London Stock Exchange with a turnover of over £300M. He is also the founder and lifetime president of Building Lives Foundation - a charitable trust delivering training and jobs in the construction industry to hundreds of unemployed Londoners. His achievements have been recognised by numerous awards, including Building Contractor of the Year (twice), two Queen's Awards and inclusion in the Sunday Times top 100 best companies to work for. Steve remains the largest shareholder in Lakehouse and has spent most of his working life developing its business. He is, therefore, both highly motivated and very well qualified to help restore value. Robert Legget co-founded Progressive Value Management Limited in 2000 and is Managing Director. His firm specialises in creating value and liquidity for institutional investors from illiquid holdings in underperforming companies. In this role he has had significant engagement with public company boards. He was a director of Quayle Munro Holdings plc and Foreign & Colonial Private Equity Trust plc. We believe his experience in turning around underperforming companies will be of considerable value to the Company. Ric Piper qualified as a Chartered Accountant in 1977. His current directorships include being Senior Independent Director at Matchtech (since 2006) and Waterman (since 2013). He has held senior finance roles in ICI, Citicorp and Logica, becoming Finance Director of Logica (UK). He was Group Finance Director of WS Atkins from 1993 to 2002. He has been involved at Board level and has advised on the growth and development of Main Market, AIM and privately owned companies. Ric is a partner at Restoration Partners and a member of the Financial Reporting Review Panel. His broad-based experience as a non-executive director and of growing and developing companies will, we believe, be invaluable to Lakehouse. What will the new Non-Executive Directors do? If the individuals we have nominated are elected to the Board, we believe that they will focus initially on the critical questions of what has gone wrong at Lakehouse and how best to get the Company back on track. This is the best way to restore shareholder value. They have also committed to addressing, in due course, the ratio of executive and Non-Executive Directors to ensure compliance with best practice and the UK Corporate Governance Code. What action should shareholders take? We urge you to vote in favour of all seven resolutions to be proposed at the General Meeting as we intend to do in respect of 33,968,128 Ordinary Shares of 10 pence each held by us (21.56 % of the issued share capital). We believe that the approval of these resolutions will greatly enhance the chances of improving the value of Lakehouse for the benefit of all shareholders. Yours faithfully, Steve Rawlings of Building Lives Training Academy, The Gateway Centre, 66 Lancaster Street, London SE1 0RZ Slater Investments Limited of Nicholas House, 3 Laurence Pountney Hill, London EC4R 0EU For comments please contact Steve Rawlings on 07860 435 999 or Lisa Letham from Slater Investments Limited on 020 7220 9460. |
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