Contract
14/05/2024 12:05
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RNS Number : 3880O Mears Group PLC 14 May 2024
Mears Group PLC
("Mears" or "the Group" or "the Company")
Notification of contract award - North Lanarkshire Council
Mears Group PLC, the leading provider of services to the UK Housing sector, is
pleased to confirm that it has received notification by North Lanarkshire
Council ('NLC') of its intention to award to Mears Limited, the Housing &
Corporate Maintenance and Investment Services Contract ('the contract'). The
mobilisation of the contract will commence immediately.
The contract, which extends the Group's long-standing relationship with NLC
for a period of up to 12 years and with an estimated annual value of over
£125m, provides reactive maintenance, statutory compliance, and inspection
services, as well as programmes of planned works to NLC's housing assets
(c.37,000 homes) and corporate assets (c.1,200 buildings).
For further information, contact:
Mears Group PLC Tel: +44(0)1452 634 600
Lucas Critchley
Andrew Smith
Deutsche Numis Tel: +44(0)207 260 1000
Julian Cater
Kevin Cruickshank
Panmure Gordon Tel: +44(0)207 886 2500
Tom Scrivens
James Sinclair-Ford
About Mears
Mears is a leading provider of services to the Housing sector, providing a
range of services to individuals within their homes. We manage and maintain
around 450,000 homes across the UK and work predominantly with Central
Government and Local Government, typically through long-term contracts. We
equally consider the residents of the homes that we manage and maintain to be
our customers, and we take pride in the high levels of customer satisfaction
that we achieve.
Mears currently employs over 5,000 people and provides services in every
region of the UK. In partnership with our Housing clients, we provide property
management and maintenance services. Mears has extended its activities to
provide broader housing solutions to solve the challenge posed by the lack of
affordable housing and to provide accommodation and support for the most
vulnerable.
We focus on long-term outcomes for people rather than short-term solutions and
invest in innovations that have a positive impact on people's quality of life
and on their communities' social, economic, and environmental wellbeing. Our
innovative approaches and market leading positions are intended to create
value for our customers and the people they serve while also driving
sustainable financial returns for our providers of capital, especially our
shareholders.
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