16 Oct 2011

Lakehouse has today announced that it has acquired K&T Heating Services, which provides gas maintenance and compliance services to the local government and social housing sectors in London and the south east of England. K&T was established in 1988 and has grown consistently since that time, and today employs over 140 full time staff.

The exciting development comes at a time when many businesses are struggling to stay afloat. This first acquisition will see Lakehouse widen its service offering to existing and potential new clients, through the provision of in-house gas compliance and maintenance services.

K&T currently provides services to over 43,000 homes throughout London and the south east. The company’s clients include those listed, many of which are shared by Lakehouse:

• East End Homes 
• East Thames Housing Association 
• London Borough of Greenwich 
• Peabody Trust
• Poplar Harca Housing Association
• Tower Hamlets Community Housing Trust
• Wandle Housing Association

In the financial year to July 2011, K&T generated profits before tax of £1.5 million on revenues of £9.4 million. Both business owners, James Day and David Greenfield, together with the entire management team, will remain with K&T as part of the enlarged Lakehouse group.

James Day and David Greenfield said:
“We are delighted with today’s announcement and looking forward to growing our business and servicing our clients, with the support of Lakehouse.”

Stuart Black, Chairman of Lakehouse, said:
“I am thrilled that we have secured K&T; a fantastic business, with exceptional management team and staff. Their service offering compliments the Lakehouse offering, and we share a number of key clients, so I am confident that together we will benefit from continued growth and development.”

For further information about K&T: http://www.kths.co.uk