Mears reveals £110m in deals

Suzie Neuwirth
MEARS, the social housing support group, yesterday said it is trading in line with expectations and has secured new contracts totalling £110m this year to date.

The London-listed company said it has now secured 94 per cent of the £904m revenues forecast for 2014, with an order book of £3.8bn and a bid pipeline of £3bn.

Mears said it plans to invest more in its complex care business, which now makes up 14 per cent of revenues in its care division.