1 Oct 2018 07:00
Sureserve Group plc
(formerly Lakehouse plc)
("Sureserve" or the "Group")
Post year end trading update,
Change of name
and
Directorate Change
Sureserve (formerly Lakehouse plc), the asset and energy support services group, is pleased to provide the following update on trading following the end of the financial year to 30 September 2018: the recent divestment of the Group's Construction and Property Services Divisions gives the Group focus on regulated businesses in Compliance and Energy Services, which provide a profitable platform for predictable growth.
Financial and operational performance has been strong in the second half of the year and the Board expects that the outcome for profits for the year to September 2018 will meet expectations.
Following the divestments, the Group has changed its name to
Sureserve Group plc
From 8.00 a.m. this morning the ordinary shares of the Company will trade under the new name and new TIDM: SUR (previously LAKE). The Company's ISIN will remain unchanged as : GB00BSKS1M86.
The Company's new website, which will include the information required by AIM Rule 26, will be available from 7.00 a.m. on 2 October 2018 and can be found at www.sureservegroup.co.uk
Directorate Change
Following five years with the Group, Jeremy Simpson, Chief Financial Officer, will be leaving the Group following a short handover period.
Commenting on Jeremy Simpsons' departure, Bob Holt, Executive Chairman, said: "Jeremy played a significant role in the growth of the Group over the last five years and its flotation on the stock market. The change follows the downsizing and focus of the Group following the divestments. The Board would like to thank Jeremy for his contribution and wishes him the best for the future. An announcement will be made soon regarding his replacement."
Enquiries
Sureserve | Financial Public Relations |
Bob Holt, Chairman, 07778 798816 | Camarco |
Michael McMahon, Chief Operating Officer | Ginny Pulbrook |
Telephone: 020 3961 5210 | Tom Huddart |
Telephone: 020 3757 4992 | |
Stockdale Securities | |
Andy Crossley | |
Antonio Bossi | |
Telephone: 020 7601 6100 |
Notes to editors
Sureserve is a leading compliance and energy support services group that performs critical functions in homes, public and commercial buildings, with a focus on clients in the UK public sector and regulated markets. Services are delivered through two divisions: Compliance and Energy Services.
The Group was founded in 1988 and is headquartered in London. It currently employs some 2,000 staff from 23 offices across the UK.
SUR.L (SUR)