Update re: KPMG/Connaught

RNS Number : 6581S

Mears Group PLC

14 September 2010

 



14 September 2010

Mears Group PLC

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

Update Re: KPMG/Connaught

The Board of Mears notes the recent press coverage of the Connaught situation and the KPMG administration and confirms that the Company has acquired contracts for a nominal sum that provides an opportunity to deliver services to a small number of customers. Discussions with these customers are still ongoing so the Mears Board is not yet in a position to provide clarity on the future revenues which may arise as a result.

A further announcement will be made as and when it is appropriate to do so.

Commenting, Bob Holt, chairman of Mears Group, said:

"This is a sad situation not only for employees but also for subcontractors and the communities that depend on these services. We are pleased to be able to offer our services to those local authorities who found themselves at risk of not providing their tenants with a repairs service."

ends.

About Mears

www.mearsgroup.co.uk

(tickers: MER.L  MER.LN  MER.PL)

Mears is a leading social housing repairs and maintenance service provider to Local Authorities and Registered Social Housing Landlords in the UK and, following the acquisition of Supporta, now commands a leading position in the UK Local Authorities' outsourced domiciliary care market, providing personal care services to people in their own homes.

Mears employs in excess of 11,000 people and provides maintenance and repairs services to 500,000 homes nationwide. Mears also provides over 150,000 hours of domiciliary care to 20,000 service users each week.

Enquiries:
Mears Group PLC
Bob Holt, Chairman	Tel: [phone]
Andrew Smith, Finance Director	Tel: [phone]
Joint Broker - Investec
Keith Anderson/Daniel Adams	Tel: [phone]
Joint Broker - Collins Stewart
Mark Dickenson/Ileana Antypas	Tel: [phone]
PR - Threadneedle Communications
Trevor Bass/Alex White	Tel: [phone]
IR - Hansard Communications	Tel: [phone]
John Bick/Kirsty Corcoran	Tel: [phone]

 

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