Wednesday, June 3, 2009

Repairs firm Mears reports strong demand for services

Social housing repairs and maintenance company Mears has said it continues to perform strongly, ahead of its annual general meeting today.

The firm said the positive trends reported in an interim management statement on 28 April are continuing, and it has ‘excellent visibility in the order book for the current year and next’.

Since releasing its preliminary year end results in March, the company has won £100 million of new contracts. The statement issued in April said demand for its services has ‘never been stronger’.

It also said the integration of its 3C asset management subsidiary, which it bought in January, is progressing well and the division should make a profit in the second half of the year.

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