Mears Group PLC

("Mears" or "the Group" or "the Company")

Moat Homes £200m contract award  

Mears Group PLC, the leading provider of services to the Housing sector in the UK, is pleased to announce the award of a new long-term contract with Moat Homes ('Moat'), valued at over £200m over an initial 10‑year term. The contract will see Mears deliver responsive and void maintenance and planned works to around 20,000 homes across the South‑East of England and includes an option to extend for a further five years. Mears has been delivering services to Moat since 2024 following an interim appointment under emergency procurement provisions, and this award reflects a successful transition to a long‑term partnership.

Lucas Critchley, Chief Executive Officer, said:

"I am delighted to see continuing strong momentum with a further important contract win. Securing this long-term contract with Moat reflects the strength of our operational performance and our disciplined, sustainable approach to bidding new work. The award strengthens our confidence in delivering growth in line with our medium‑term guidance in the local government division."

About Mears

Mears is a leading provider of services to the Housing sector, providing a range of services to individuals within their homes. We manage and maintain around 450,000 homes across the UK and work predominantly with Central Government and Local Government, typically through long-term contracts. We equally consider the residents of the homes that we manage and maintain to be our customers, and we take pride in the high levels of customer satisfaction that we achieve.

Mears currently employs over 5,000 people and provides services in every region of the UK. In partnership with our Housing clients, we provide property management and maintenance services. Mears has extended its activities to provide broader housing solutions to solve the challenge posed by the lack of affordable housing and to provide accommodation and support for the most vulnerable.

We focus on long-term outcomes for people rather than short-term solutions and invest in innovations that have a positive impact on people's quality of life and on their communities' social, economic, and environmental wellbeing. Our innovative approaches and market leading positions are intended to create value for our customers and the people they serve while also driving sustainable financial returns for our providers of capital, especially our shareholders.