Mears Group PLC
15 April 2008
15 April 2008
Mears Group PLC
('Mears Group')
£57 million of new contract wins for Social Housing Division
Mears Group is pleased to announce further new contract wins by its social
housing division as follows:
Watford Community Housing Trust
We are very pleased to announce that Watford Community Housing Trust (WCHT) have
appointed us, subject to contract and to completion of the Trust's leaseholder
consultation process, as one of two partners for a 5-year Decent Homes
partnership. The contract is worth approximately £33 Million over the 5-year
period for each partner. The services provided include the replacement of
kitchens, bathrooms and external upgrade works. We are also to be appointed,
subject to contract, as a partner on an innovative framework arrangement for
capital works and maintenance, set up as a Central Purchasing Body, which WCHT
have established to enable other social landlords to purchase similar services
on the terms agreed with WCHT.
Castle Morpeth Housing
The Company has been appointed to assist Castle Morpeth Housing deliver a major
works, improvement and repair programme to the recently transferred housing
stock. The partnership is for an initial term of 4 years and Mears' share is
valued at £12 million for this period, other partners have been appointed and
the total scheme is valued at £32 million. This partnership is a valued
addition to Mears' North East business.
Catalyst Communities Housing Association
We are pleased to have secured a further partnership with Catalyst to provide
voids and major cyclical maintenance repairs services. The contract is worth
£12 Million over 4 years and supports our strategy of growing our business with
existing customers.
Commenting, Bob Holt, Chief Executive of Mears Group, said:
'These new wins by our social housing division add additional important
contracts to our order book which is at record levels and we believe that Mears
is in a very strong position to benefit further from our current bid pipeline.'
-ends-
Enquiries:
Mears Group PLC
Bob Holt, Chief Executive tel: 07778 798 816
Andrew Smith, Finance Director tel: 07712 866 461
www.mearsgroup.co.uk
Threadneedle Communications
Trevor Bass/Alex White tel: 020 7936 9666
Nominated adviser to Mears Group PLC - Investec
Keith Anderson/Daniel Adams tel: 020 7597 5970
Hansard Group
John Bick tel: 07872 061007
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