The 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 was established in 1988 and has grown consistently since that time, and today employs over 140 full time staff.
It 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.
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.”