Mears Announces £120m Of Contracts

Mears has announced £120 million of contracts since publication in March of the final results for the year to 31 December 2010.

The firm continues to deliver solid trading across all divisions in line with management expectations.

The new contracts include:

• £52 million 10 year repair and maintenance contract with Bedfordshire Pilgrims Housing Association
• Additional repair and maintenance contracts totalling £30 million over an average of 4 years terms, including Dover District Council and Leeds City Council
• Mears awarded its first in-sourcing solutions contract with Epping Forest District Council to provide support to their Direct Labour Organisation
• Several new Domiciliary Care contracts ranging from two to five years in duration with an estimated aggregate value of £37 million over their lifetime
• A £4 million, three year contract for the Home Improvement Agency service provided by Gloucestershire County Council
• British Gas partnership developing well-environmental works already commenced across two Registered customers

David Miles, Chief Executive of the Mears Group, said: “We continue to see high levels of opportunity within the public sector. We believe that the demand and opportunity for our two growth markets will continue to be strong and that Mears is well placed to benefit.


"Our Social Housing division will continue to focus on further organic growth. The continuing consolidation in Registered Social Landlords, the reforms to the Housing Finance system and changing demographics, all continue to provide increasing opportunities for Mears. The partnership with British Gas also demonstrates our leadership in providing solutions for our clients in the context of the Green Agenda."

(CD)