£200m 10 Year Contract - Repa

RNS Number : 5303V

Mears Group PLC

13 July 2009

 



13 July 2009

Mears Group PLC

('Mears' or 'the Group')

£200m Contract with Brighton & Hove

Repairs, Refurbishment and Improvement Strategic Partnership

Mears is pleased to announce that, following a Brighton & Hove City Council ('Brighton & Hove') meeting on 9 July 2009, its cabinet has approved the award of a ten-year partnership to provide housing stock upgrades, responsive repairs and comprehensive maintenance services. The contract is valued at £200 million for the ten-year period commencing in early 2010.  Brighton & Hove manages 12,500 homes.  This takes the total new contracts won by the Group in the current year to approaching £400 million.

The new contract builds on Mears' existing contract with Brighton & Hove which provides responsive and void repairs together with gas servicing and adds programmed, cyclical and further maintenance works to Brighton & Hove's extensive portfolio of council houses. The expanded new long term partnership is designed to deliver the key aims of the Brighton & Hove Procurement Strategy which mirrors the Mears Partnership ethos. 

Commenting, Bob Holt, Chief Executive of Mears Group, said:

'Working together with Brighton & Hove we can deliver the tangible improvements into the community which are so important to the people that live there.  I believe this to be one of the largest contracts of its kind awarded in the UK ever and represents a significant move to a long term partnership for Brighton & Hove.

'Mears has gained significant contract wins of £400 million since April 2009 and has a strong pipeline of contract bids.  Our partnership strategy continues to gain momentum with existing and new customers and we are committed to delivering a value for money quality of service offering which provides very high tenant satisfaction. This is reflected in our ratings with customers who are progressively focusing on value and delivery of service rather than price alone.

'I look forward to bringing you news of further contract awards soon.'

About Mears     http://www.mearsgroup.co.uk 

Mears Group is a leading social housing repairs and maintenance provider working in partnership with Local Authorities and Registered Social Housing Landlords and it has a growing presence in the domiciliary care market through its Careforce division, providing personal care to people in their own homes delivered through partnerships with Local Authorities. In addition, Mears subsidiary Haydon is a specialist, mechanical and engineering services business.

The Group employs more than 8000 people to maintain, repair and upgrade hundreds of thousands of homes nationwide and provides in excess of 90,000 hours of domiciliary care each week to over 13,500 people per year. 

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Mears Group PLC
Bob Holt, Chief Executive	Tel: [phone]
Andrew Smith, Finance Director	Tel: [phone]
Joint Broker - Investec
Keith Anderson/Daniel Adams	Tel: [phone]
Joint Broker - Collins Stewart
Mark Dickenson/Piers Coombs	Tel: [phone]
Financial PR - Mears Group
Threadneedle Communications
Trevor Bass/Alex White	Tel: [phone]
IR - Hansard Group
John Bick	Tel: [phone]

 

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