Construction News

Fri October 30 2020

Related Information

Mears boosts order book by £500m

11 May 10 Social housing construction and repairs specialist Mears has lifted its forward order book by £500m since March, the firm announced in an Interim Management Statement.

Social housing construction and repairs specialist Mears has lifted its forward order book by £500m since March, the firm announced in an Interim Management Statement.

Mears' order book now stands at £2.5, with a bid pipeline in excess of £3bn.

Contract wins include:

  • A 10-year contract with Family Mosaic worth £300, covering maintenance and construction services across 20,000 homes in London and the Home Counties.
  • A seven-year partnership deal with the London Borough of Lambeth, subject to leaseholder consultation, with a possible three-year extension, worth £170m. This involves responsive repairs, refurbishment covering 8,000 homes.

In the domiciliary care market, where Mears acquired Supporta in February 2010, the firm has won £30m of new contracts.

The most significant of these is with Enfield Council, worth an estimated £12m over a five-year period. Mears has also been awarded a further three contracts in Scotland with East Dunbartonshire, Glasgow and North Lanarkshire Councils

Related Information

Mears describes social housing and domiciliary care as “its two growth markets”, and these account for approximately 90% of the firm's revenues.

Bob Holt, chairman, Mears Group, said: "The provision of value for money services to the public sector is vital both for the UK economy and the future of Mears. The recent new bidding success further demonstrates the positioning of Mears as a first class public sector partner with whom customers desire to work in long term partnership arrangements.

"Mears social housing bid pipeline for contract tenders remains in excess of £3 billion and we continue to place great emphasis on winning good quality contracts that can provide clear and sustainable margins. There are tremendous opportunities with existing customers to unlock significant additional revenue.

"We continue to see unprecedented 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 from this."

Sign up to our FREE email newsletters or subscribe to our RSS feed for regular updates on the latest construction news, construction tenders, construction data, and construction law.

Got a story? Email news@theconstructionindex.co.uk

MPU

Click here to view more construction news »