MEARS GROUP PLC (LON:MER)

Industrial

Mears Group plc is a UK-based housing and care provider. It was founded in the year 1996 and its headquarters are situated in Gloucester, United Kingdom. The operations of the company can be classified into maintenance and management divisions. The repairs of homes are carried out by the maintenance division, and the management and accommodations are taken care of by the management division. The company employs a skilled workforce of 6,500 across UK, and manages 17,000 homes for government authorities, both local and central. It also maintains 750,000 social housing homes across UK, and works in partnership with registered providers, landlords, and investors to generate funding and enhance its delivery models.

It is a market leader in UK and provides bespoke services to its clients, including 6,000 daily repairs. It aims at building a high quality and diversified portfolio to maximize the risk-adjusted returns for all its shareholders. The portfolio consists of over 1,000,000 homes across its area of operation. Mears Group has many subsidiaries which include Mitie Property Management Limited, Mears Learning Limited, Manchester Working Ltd., Mears Limited, Omega Group Ltd., Scion Technical Services Ltd., Care UK Community Care Agency Limited, Mears Insurance Company Limited etc.

The company offers a wide range of services, which include housing management, facilities management, housing maintenance, planned maintenance, house building, housing with care, and capital works. It efficiently uses the latest technology and available data to provide the best possible solutions to its customers at the minimum cost, and also help in overcoming the deep-rooted challenges of National Health Service and social care. Mears Group plc follows a well-defined framework of corporate governance and aligns itself with the UK Corporate Governance Code. It has an ethical code of conduct for running its business operations and promotes a culture of trust, transparency, and accountability. Apart from fulfilling all its corporate responsibilities, the company also fulfils its environmental and social responsibilities. It has a comprehensive ESG (Environmental, Social, and Governance) framework in place and complies with international best practices and guidelines to create a sustainable business. It aims to minimize the impact of its business activities on the environment and create long-term value for all its stakeholders, which include shareholders, employees, customers, suppliers, and the wider community. The company supports the target of UK to reduce its greenhouse gas emissions to Net Zero by 2050 and has won many awards and accreditations for its achievements over the years.

The company has been acknowledged by RoSPA with an Order of Distinction for receiving 15 Gold awards consecutively, and since 2015 has continuously received the TPAS Contractor accreditation. It has received many other awards and has been placed in the top 9% of socially responsible businesses in the United Kingdom under the FTSE4Good Index, which recognizes the exceptional ESG practices of businesses.

Contact Information

company address Mears Group PLC 1390 Montpelier Court Gloucester Business Park, Brockworth GLOUCESTER GL3 4AH United Kingdom GBR

company phone+44 145 263 4600

company websitehttps://www.mearsgroup.co.uk/

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