Mears sees public work growth

Social housing contractor Mears said it is still seeing positive growth in its core markets and is looking to make further acquisitions.

As disclosed in May, Mears has won £120m of new work since it reported final results in March, including a £52m 10-year repair and maintenance contract with housing association Bedfordshire Pilgrims.

In a statement released in advance of its annual general meeting today, Mears’ chairman Bob Holt said the “positive trends referred to in the May statement are continuing.”

Mears today said it was seeing “high levels of opportunity in the public sector,” and said it was looking to grow its social housing business organically, but was looking to make further acquisitions in its other main market, of providing home care.

David Miles, chief executive officer said: “Our social housing division will continue to focus on further organic growth. Mears Care is well placed to lead and consolidate the domiciliary care market and we continue to target acquisitions that will expand the range of care services provided to people in their homes.”