REG - Mears Grp PLC - Moat Homes £200m contract award

MearsAnnouncement

Tue 08:45

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RNS Number : 3047B  Mears Group PLC  21 April 2026

Mears Group PLC

("Mears" or "the Group" or "the Company")

Moat Homes £200m contract award

 

Mears Group PLC, the leading provider of services to the Housing sector in the
UK, is pleased to announce the award of a new long-term contract with Moat
Homes ('Moat'), valued at over £200m over an initial 10‑year term. The
contract will see Mears deliver responsive and void maintenance and planned
works to around 20,000 homes across the South‑East of England and includes
an option to extend for a further five years. Mears has been delivering
services to Moat since 2024 following an interim appointment under emergency
procurement provisions, and this award reflects a successful transition to a
long‑term partnership.

 

Lucas Critchley, Chief Executive Officer, said:

 

"I am delighted to see continuing strong momentum with a further important
contract win. Securing this long-term contract with Moat reflects the strength
of our operational performance and our disciplined, sustainable approach to
bidding new work. The award strengthens our confidence in delivering growth in
line with our medium‑term guidance in the local government division."

 

 

 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 Liberum                    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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