{"id":7086,"date":"2025-08-07T07:46:51","date_gmt":"2025-08-07T07:46:51","guid":{"rendered":"https:\/\/cita.co.uk\/news\/?p=7086"},"modified":"2025-08-07T07:46:51","modified_gmt":"2025-08-07T07:46:51","slug":"mears-grows-profit-as-maintenance-work-ramps-up","status":"publish","type":"post","link":"https:\/\/cita.co.uk\/news\/mears-grows-profit-as-maintenance-work-ramps-up\/","title":{"rendered":"Mears grows profit as maintenance work ramps up"},"content":{"rendered":"

Mears Group has posted a 5% rise in pre-tax profit to \u00a332m despite a dip in overall revenue, as its core maintenance business delivered solid growth and improved margins.<\/p>\n

Turnover for the first half of 2025 slipped 4% to \u00a3559m, with a planned slowdown in asylum accommodation work dragging on management-led activity.<\/p>\n

But revenues in its expanding housing maintenance division jumped 8% to \u00a3302m, helped by regulatory pressures and renewed spending from housing providers.<\/p>\n

Operating margin rose to 5.6% from 5.2%, driven by tighter branch-level performance reviews and strict cost control. The board now expects full-year profit to come in modestly ahead of market expectations.<\/p>\n

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Mears, which secured 100% contract retention over the past year, said it had won new orders worth \u00a31.5bn, including the mobilisation of a deal with Moat Homes covering 22,000 properties.<\/p>\n

In addition, Mears secured new works with London Borough of Brent and Aberdeenshire Council<\/p>\n

Chief executive Lucas Critchley said: \u201cWe have continued to make progress against each of our key strategic goals \u2014 delivering growth in maintenance activities, developing a full compliance and asset management offer, and positioning the group to deliver additional housing services to Central Government.\u201d<\/p>\n

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The housing upkeep contractor is channelling investment into compliance, asset management and IT systems as it eyes growth in new regulatory services around fire, gas, electrical, and water safety.<\/p>\n

Despite a \u00a35m hit from National Insurance hikes coming in the second half, the Mears said efficiency gains from its branch reviews should help protect margins.<\/p>\n

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from Construction Enquirer https:\/\/ift.tt\/6uGQdol<\/p>\n","protected":false},"excerpt":{"rendered":"

Mears Group has posted a 5% rise in pre-tax profit to \u00a332m despite a dip in overall revenue, as its core maintenance business delivered solid growth and improved margins. Turnover for the first half of 2025 slipped 4% to \u00a3559m, with a planned slowdown in asylum accommodation work dragging on management-led activity. But revenues in […]<\/p>\n","protected":false},"author":1,"featured_media":151,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[9],"class_list":["post-7086","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-construction-enquirer"],"_links":{"self":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/7086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/comments?post=7086"}],"version-history":[{"count":1,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/7086\/revisions"}],"predecessor-version":[{"id":7087,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/7086\/revisions\/7087"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/media\/156"}],"wp:attachment":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/media?parent=7086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/categories?post=7086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/tags?post=7086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}