M&E specialist Lorne Stewart falls into the red

The holding group for building services specialist Lorne Stewart and Rotary Building Services has suffered further losses.Accounts for Saudi Arabian-owned LSRM Holdings in the year to December 2023 reveal the Harrow-based M&E group suffered a £2.8m pre-tax loss last year after a small profit of around £450,000 in each of the previous two years.
Prior to this, the M&E contract struggled with three years of accumulated losses of around £20m in total.
Revenue slipped by 19