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Additional Information
Market: AIM
Sector: Support Services
EPIC: MER
Latest Price: 250.00p  (2.35% Ascending)
52-week High: 317.75p
52-week Low: 205.50p
Market Cap: 214.15M
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Mears Group PLC
www.mearsgroup.co.uk
Mears Group PLC acts as a holding company. Its principal activities are the provision of a range of outsourced services to the public and private sectors. During the year ended December 31, 2007, the Company operated four business segments: Social Housing, Domiciliary Care, Mechanical and Electrical (M&E) and Vehicle Distribution. All of its activities are carried out within the United Kingdom. In April 2007, the Company acquired Careforce Group plc. In July 2007, three additional bolt-on Care acquisitions was completed. In September 2007, the Company acquired Social Housing contracts from Makers UK Limited. In July 2008, the Company disposed of UFD, its vehicle distribution division. In January 2009, the Company acquired 3C from Caley Ltd.
Full Mears Group PLC profile here
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Mears Group says full-year trading in line

8th Jan 2009, 9:35 am Mears Group says full-year trading in line

Social housing repairs and maintenance provider Mears Group PLC said that trading for the year ended December 31 2008 across all divisions was in line with management expectations in what was a difficult year for the British economy.


Mears two principal operations, social housing and domiciliary care, have performed strongly during the year and have grown in line with the board's strategy, it said in a trading statement.


During the period, the group put partnership arrangements in place with Cross Keys Homes, Wakefield Homes and Circle Anglia to provide a combined care and repair service and the board anticipates making further progress in this area during 2009.


The group has maintained a strong balance sheet and low gearing going into the new financial year and will continue to benefit from strong cash flow, it said.


Chief executive Bob Holt said: “We have already secured 81 per cent of the group's consensus forecast revenues for 2009 and our forward order book stands at £1.6 billion. We continue to see strong forward demand for our services with good levels of activity in new contract bidding.  We are confident in the future prospects for the group.”

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