Mears Group’s profits dip but long-term contracts point to ‘strong progress’
Social housing services provider Mears Group has seen profits fall 10% during a period of intensive new contract mobilisations.
The Gloucester-based company reported adjusted profit before tax of £28.9m for the six months to June, down from £32.2m a year earlier, as it absorbed start-up costs from a wave of new contracts.
Mears manages and maintains around 450,000 homes across the UK, working predominantly with central and local government through long-term contracts.
It retained key contracts with Cross Keys Homes, Livin, ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
