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Mears Group wins £100m of work over past two months

Social housing and maintenance firm Mears Group today announced its trading continues to be strong with over £100 million of new work in two months.

Ahead of the group’s AGM today Mears said the firm had performed strongly since the firm’s last trading update on 28 April.

A statement today said that the company was performing well across all divisions.

Bosses said the firm has “excellent visibility” in the order book for the current year and next.

They added that a growing bid pipeline will benefit from the continued evolution in both the social housing and domiciliary care markets. 

The firm has won more than £100 million of new contracts since announcing preliminary results in March.

Bosses said cash conversion is strong with continued improvement; and that integration of the firm’s 3C acquisition, announced in January, is on track.