REG - Mears Grp PLC - Thurrock Council - £240m Contract Award

MearsAnnouncement

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RNS Number : 7948E  Mears Group PLC  19 May 2026

Mears Group PLC

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

Thurrock Council - £240m Contract Award

 

Mears Group PLC, the leading provider of services to the Housing sector in the
UK, is pleased to confirm that it has been notified of a new contract award
from Thurrock Council. ('Thurrock'), a long-standing customer. The new
contract will see Mears extending its services to deliver all repairs,
compliance and planned investment works and carries an annual value of £24m
over an initial 5-year term, with an extension option for a further 5 years,
giving a total contract value of £240m over the maximum 10-year term.

 

Lucas Critchley, Chief Executive Officer, said:

 

"The strong growth in our traditional maintenance activities has been
underpinned by an excellent period of contract retention. This award forms
part of an intensive period of rebids, which has seen the Group re- awarded
contracts amounting to more than £1bn over the last 12 months, including
contracts with Milton Keynes City Council, Leeds City Council, Cross Keys
Homes and Livin. This reflects our strong operational performance and the deep
relationships we hold with our clients and within those communities.

 

"The new contract expands the services previously provided to Thurrock,
extending the core maintenance service towards a total asset management
solution."

 

 

 

 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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