Mears Regulatory News (MER)

RNS Number : 7458K

Mears Group PLC

26 April 2010

 

26 April 2010

Mears Group PLC

("Mears" or "the Group")

 

£300million Partnership Contract

with Family Mosaic Housing Association ("Family Mosaic")

 

 

Mears is pleased to announce that it has been notified today by Family Mosaic that they have agreed, subject to the completion of the standstill period, to appoint Mears as preferred bidder. The value of the award is £300 million for a ten year period. The contract relates to more than 20,000 homes in London and the Home Counties and is expected to commence in October 2010.

 

Mears, as the principle partner will provide a single 24 hour call centre service for all tenants of Family Mosaic and be responsible for responsive, void, gas maintenance, property surveying and estates management services.

 

Family Mosaic is a current client of Mears and is one of the largest Registered Social Landlords in the UK, providing homes and housing services to around 45,000 people in over 20,000 homes across London and the Home Counties. Family Mosaic offers a diverse range of housing and support related services including; general needs housing, sheltered housing, housing with extra support, a temporary housing department, leasehold management and a tenant support service.

 

Commenting, Bob Holt, Chairman of Mears said:

 

"The provision of value for money services to the public sector is vital both for the UK economy and the future of Mears. We have long held the view that in terms of quality of service Mears are second to none. This award further demonstrates the positioning of Mears as a first class public sector partner.

We have been working on behalf of Family Mosaic since 2004. This award represents the biggest contract award in Mears' history. We look forward to continuing to serve the tenants of Family Mosaic for many years to come.

Mears social housing bid pipeline for contract tenders remains in excess of £3 billion and we continue to target customers who share our view of long term partnering arrangements. This together with our recently announced London Borough of Lambeth contract, takes our contract wins this month to £500 million."

 

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 has 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.

-ends-

 

Mears Group PLC
Bob Holt, Chairman	Tel: +44(0)7778 798 816
Andrew Smith, Finance Director	Tel: +44(0)7712 866 461
Joint Broker - Investec
Keith Anderson/Daniel Adams	Tel: +44(0)20 7597 5970
Joint Broker - Collins Stewart
Mark Dickenson/Piers Coombs	Tel: +44(0)20 7523 8350
Financial PR - Mears Group
Threadneedle Communications
Trevor Bass/Alex White	Tel: +44(0)20 7936 9666
IR - Hansard Communications	Tel: +44(0) 20 7245 1100
John Bick/Kirsty Corcoran	Tel: +44(0)7872 061007

 

 

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