OverviewSuggest Edit

Sureserve (formerly known as Lakehouse) is a leading compliance and energy support services group focused on customers in the outsourced public and regulated services sectors. The Company operates through two divisions: Compliance and Energy Services. It provides planned and responsive maintenance, installation, repair services, as well as energy efficiency services, renewable technologies, and smart metering services to social housing, public buildings, education markets, industrial and commercial customers.

TypePublic
Founded1988
HQBasildon, GB
Websitesureservegroup.co.uk
Employee Ratings3.6

Latest Updates

Employees (est.) (Dec 2021)2,299
Revenue (FY, 2018)£190.8 M(-36%)
Share Price (Nov 2021)£0.9
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Key People/Management at Sureserve

Peter Smith

Peter Smith

Chief Financial Officer, Director
Nick Winks

Nick Winks

Chairman
Colin Laidlaw

Colin Laidlaw

Managing Director
David Lummis

David Lummis

Managing Director
Pat Coleman

Pat Coleman

Managing Director
Dean White

Dean White

Managing Director
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Sureserve Office Locations

Sureserve has offices in Basildon and London
Basildon, GB (HQ)
Unit 1, Yardley Business Park, Luckyn Ln
London, GB
50 Liverpool St
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Sureserve Financials and Metrics

Sureserve Revenue

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Sureserve's revenue was reported to be £190.75 m in FY, 2018
GBP

Revenue (FY, 2018)

190.8m

Gross profit (FY, 2018)

27.4m

Gross profit margin (FY, 2018), %

14.3%

Net income (FY, 2018)

1.2m

EBITDA (FY, 2018)

8.9m

EBIT (FY, 2018)

3.4m

Market capitalization (10-Nov-2021)

145.7m

Closing stock price (10-Nov-2021)

0.9

Cash (30-Sept-2018)

1.7m

EV

156.9m
Sureserve's current market capitalization is £145.7 m.
Annual
GBPFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

302.5m340.2m327.2m299.5m190.8m

Revenue growth, %

(8%)

Cost of goods sold

271.6m296.8m299.7m269.2m163.4m

Gross profit

30.8m43.4m27.5m30.3m27.4m
Half Year
GBPH1, 2018

Revenue

91.1m

Cost of goods sold

79.0m

Gross profit

12.0m

Gross profit Margin, %

13%
Annual
GBPFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

4.2m6.9m26.1m1.7m

Accounts Receivable

39.5m38.6m24.3m22.3m34.7m

Prepaid Expenses

5.2m4.5m

Inventories

5.0m4.6m5.2m4.5m4.2m
Half Year
GBPH1, 2018

Inventories

4.3m

Current Assets

73.6m

PP&E

50.8m

Goodwill

42.2m
Annual
GBPFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(381.0k)2.4m1.2m

Cash From Operating Activities

6.5m16.7m(4.0m)12.6m(6.9m)

Purchases of PP&E

(819.0k)(909.0k)

Cash From Investing Activities

(18.9m)8.2m
Half Year
GBPH1, 2018

Cash From Operating Activities

(11.2m)

Purchases of PP&E

(235.0k)

Cash From Investing Activities

(1.6m)

Long-term Borrowings

(9.5m)
GBPFY, 2014

Debt/Equity

0.1 x

Financial Leverage

3.1 x
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Sureserve Operating Metrics

Sureserve's Backlog was reported to be £396m in H1, 2018.
FY, 2017H1, 2018

Accident Incident Rate

2.85

Backlog

£631 m£396 m

Locations

2929

Retention Rate

66%
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Sureserve Revenue Breakdown

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Sureserve revenue breakdown by business segment: 35.7% from Compliance, 21.1% from Construction, 27.0% from Energy Services and 16.1% from Property Services

Sureserve Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

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Sureserve Online and Social Media Presence

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Sureserve News and Updates

Sureserve says strong trading allows it to consider 'sustainable dividend policy'

Compliance and energy services company Sureserve today said its strong trading performance allowed it to “consider a sustainable dividend policy”. The post Sureserve says strong trading allows it to consider 'sustainable dividend policy' appeared first on CityAM.

Billie, which wants to eliminate the “pink tax,” closes a $6M seed round for its razor subscription service

Billie, a New York-based startup that wants to fight the “pink tax” on goods marketed to women, announced today that it has closed a $6 million seed round. The funding was led by Silverton Partners, with participation from returning investors including Female Founders Fund and Lakehouse Ventures, an…

Sureserve Frequently Asked Questions

  • When was Sureserve founded?

    Sureserve was founded in 1988.

  • Who are Sureserve key executives?

    Sureserve's key executives are Peter Smith, Nick Winks and Colin Laidlaw.

  • How many employees does Sureserve have?

    Sureserve has 2,299 employees.

  • What is Sureserve revenue?

    Latest Sureserve annual revenue is £190.8 m.

  • What is Sureserve revenue per employee?

    Latest Sureserve revenue per employee is £83 k.

  • Who are Sureserve competitors?

    Competitors of Sureserve include Lassila & Tikanoja, TSK Electronica y Electricidad and IDEX.

  • Where is Sureserve headquarters?

    Sureserve headquarters is located at Unit 1, Yardley Business Park, Luckyn Ln, Basildon.

  • Where are Sureserve offices?

    Sureserve has offices in Basildon and London.

  • How many offices does Sureserve have?

    Sureserve has 2 offices.