Mears Group

Mears Group PLC is a housing and social care provider. It repairs and maintains over 700,000 social homes across the UK.[1] It is the second largest home care provider in the UK.

Mears Group PLC
Traded asLSE: MER
Founded1996
HeadquartersGloucester
Key people
Kieran Murphy (Chairman), David J Miles (Chief Executive Officer), Andrew Smith (Chief Financial Officer)
ProductsRepairs and maintenance, Care services, development, GIS & land referencing
Revenue£940.1 million (2016)
£41.9 million (2016)
Number of employees
15,719 (2016)
Websitewww.mearsgroup.co.uk

History

The company was founded in 1988 in Gloucestershire, where it is still based, and floated on the Alternative Investment Market of the London Stock Exchange, as Mears Group Plc in 1996. In 1999 it acquired Haydon & Co and in 2007 Careforce. In 2008, the group had 8000 employees, and moved to the main market at the London Stock Exchange, with a £420m turnover.

In 2011 it took over more than 20 Home Improvement Services from Anchor, and in 2012 acquired Morrison Facilities Services from AWG plc.[2] In 2012 it acquired Independent Living Services Scotland[3] and launched Mears Nurseplus, enabling the company to offer health services as well as social care. Nurseplus (specialising in the care of adult and paediatric service users with complex health conditions, both acute and chronic that require clinical intervention and management) was awarded a place on the NHS framework contract to supply staff into NHS establishments across Scotland in November 2014.[4]

In October 2014 it took over Omega Group Ltd, a private sector provider of residential lettings and management services to the social housing market.[5] In December 2014 Torbay and Southern Devon Health and Care NHS Trust named the Group as the preferred bidder to run its Living Well@Home Services contract, integrating IT systems and deliver a range of community-based services for a minimum of five years.[6]

In June 2015 it bought Care UK's home care division, with about 6,000 employees for £11.3 million. Subsequently renamed Mears Care, it looked after about 13,000 people.[7]

In December 2016, executive director Alan Long announced that the company was pulling out of contracts with local authorities because it could not afford to operate on the money it was being paid.[8]

In January 2019, it was announced that Mears Group would take over a Home Office contract to provide housing for asylum seekers in Glasgow from Serco.[9]

In January 2020 it announced that it was to sell its domiciliary care division which employed 1,500 people across 18 branches in England and Wales and 1,000 people across 16 branches in Scotland. It planned to concentrate on providing housing with care.[10] The division was sold to Cera Care in February 2020.[11]

Performance

Profits in the first six months of 2014/5 were £18.7m, an increase of 11%. Total group revenue was down 3% from £439.1m to £428.1m.[12]

In a half-year trading update in July 2020, Mears said it expected to report a £6m loss after a 23% drop in revenue at its maintenance arm. Overall group revenue was down 8% to £405m. The company also announced it would be making an unspecified number of redundances, partly due to the impact of the COVID-19 pandemic in the United Kingdom.[13]

Political involvement

Mears was nominated as a Social Mobility Business Compact ‘Champion’ after signing the Social Mobility Business Compact, set up by the Deputy Prime Minister Nick Clegg in 2011, to encourage employers to offer young people fair and open access to employment opportunities.[14]

The group, with the Local Government Information Unit, supported a report, in December 2014 by former care minister Paul Burstow calling for home care workers to be given key workers status and a living wage.[15]

gollark: £20 + £5 = £25, see.
gollark: What?
gollark: How overpriced.
gollark: Well, doing work is actually annoying and no.
gollark: I WILL initiate Contingency ε-5.

References
  1. "Mears Group to oversee Flowgroup microCHP boiler installations". Heating and Ventilation News. 13 August 2013. Retrieved 19 December 2014.
  2. "Mears buys Morrison Facilities Services". Facilitate Magazine. 8 November 2012. Retrieved 3 January 2020.
  3. "Mears acquires domiciliary care business". HealthInvestor. 22 April 2013. Retrieved 19 December 2014.
  4. "Mears Nurseplus to provide Nurses and Healthcare Assistants for NHS Scotland". 24 Dash.com. 3 November 2014. Retrieved 19 December 2014.
  5. "BPE Solicitors named as legal experts in £40m Mears Group plc takeover deal". Gloucestershire Echo. 17 October 2014. Archived from the original on 19 December 2014. Retrieved 19 December 2014.
  6. "Mears Group named preferred bidder on NHS contract". Health Investor. 15 December 2014. Retrieved 19 December 2014.
  7. "Mears Group acquires Care UK's domiciliary care service for £11.3m". Health Investor. 1 June 2015. Retrieved 17 March 2016.
  8. "Today's running order". BBC – Today. 14 December 2016. Retrieved 14 December 2016.
  9. "Serco loses contract to house asylum seekers in Scotland". The Ferret. 8 January 2019. Retrieved 13 January 2019.
  10. "Mears Group to exit domiciliary care operations". Homecare Insight. 21 January 2020. Retrieved 23 February 2020.
  11. "Cera Care joins top 15 with Mears Care acquisition". Home Care Insight. 3 February 2020. Retrieved 23 March 2020.
  12. "Six month-profits rise to £18m-plus at Gloucestershire business Mears Group PLC". South West Business. 19 August 2014. Retrieved 19 December 2014.
  13. Morby, Aaron (22 July 2020). "Mears plans housing maintenance redundancies". Construction Enquirer. Retrieved 22 July 2020.
  14. "UK employers set a new benchmark for social mobility". Business Quarter. 20 November 2014. Retrieved 19 December 2014.
  15. "Home care nearing 'crisis' point warns report". Local Government News. 2 December 2014. Retrieved 19 December 2014.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.