Mears Group PLC
13 February 2008
13 February 2008
Mears Group PLC
('Mears Group')
New contract wins for Care Division and Social Housing Division
Mears Group is pleased to announce further new contract wins by its care
division, Careforce and by its social housing division.
Care Division
Careforce has been successful in securing 3 new contracts, 2 of which are in
locations in which they are not currently operating. This demonstrates the
growing strength and recognition of the Careforce brand which has been built on
the principles of providing high quality services and partnership working. All 3
contracts commence in April 2008 and run for 3 years with possible 2 year
extensions.
The contracts are for Homecare in Trafford and North Tyneside and for Extra Care
Sheltered Housing in Nottinghamshire. The 3 contracts combined have annual
revenues of approximately £1.5 million.
Social Housing Division
Mears Group has been successful in winning a £10 million, 5 year contract with
Mole Valley Housing Association. The work is for planned maintenance and voids
and can be extended for a further 5 years. Mole Valley Housing Association,
based in Surrey, was created in 2007 following a transfer from Mole Valley
District Council and has over 3,800 homes. It is part of the Circle Anglia Group
which has over 27,000 properties and is one of the largest housing associations
in the UK.
Mears Group Chief Executive, Bob Holt, commented:
'We continue to make good progress with contract wins throughout the Group and,
in line with our strategy, Careforce continues to build a presence across a
growing geographical area and is well placed to take a leading position in the
consolidation of the domiciliary care market.'
-Ends-
Notes to editors
Mears Group PLC is a leading provider of a range of services to social
landlords. The Group is also a major supplier of domiciliary care in the United
Kingdom following the acquisition of Careforce Group plc in April 2007.
The social housing services provided include response maintenance, void
refurbishment, planned preventative maintenance, improvements to meet the
'Decent Homes Standard' and estate management.
Enquiries:
Mears Group PLC
Bob Holt, Chief Executive 07778 798 816
David Robertson, Finance Director 07887 705 357
Andrew Smith, Executive Director 07712 866 461
Threadneedle Communications
Trevor Bass/Alex White 020 7936 9666
Nominated adviser to Mears Group PLC - Investec
Keith Anderson/Michael Ansell 020 7597 5970
This information is provided by RNS
The company news service from the London Stock Exchange
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