Lakehouse has won a £39 million contract to install 400,000 meters across the West Midlands.

The company will install smart and 'business as usual' meters on behalf of ScottishPower. The four-year contract will commence on 01 May.

The deal is in addition to Lakehouse's £37m domestic smart meter contract with ScottishPower already underway across Northern Scotland, Wales and North West England.

Bob Holt, Executive Chairman, said: "We are very pleased to have been awarded this significant contract, further expanding our relationship with Scottish Power and demonstrating our excellent customer service levels. The award of this latest contract reaffirms our strategy of becoming a best in class supplier in the energy services market."

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Lakehouse also announced its Energy Services Division has had a good start to the current financial year, securing a number of External Wall Insulation contracts with Fife Council, Rosehill Housing Association, Grampian Housing Association and the London Borough of Camden.

In addition, its Construction Division has won a number of new contracts such as; a £6.1m contract with Uxendon Manor Primary School (London Borough of Brent), a £4.2m contract for Haslam House & Chichester Court (London Borough of Harrow) and a £2.7m contract for Harris Academy (London Borough of Merton).

Elsewhere, the company's Compliance business has won a number of deals in the first quarter of this year, including; a £7m commercial gas programme with London & Quadrant over five years, a £2.8m heating and boiler replacement programme with Central Bedfordshire Council, a £2m heating servicing and repairs contract with Derbyshire County Council over two years, a £1m fire equipment service and maintenance contract with Shepherd's Bush Housing Association over three years, a four-year legionella framework with Procurement for All potentially worth £650,000, and a £1.6m lift modernisation programme with the London Borough of Hammersmith and Fulham.

Lakehouse has also applied to delist from the Official List of the London Stock Exchange and join AIM.

(LM/CD)