Moat Homes £200m contract award
Mears Group PLC has secured a significant new long-term contract with Moat Homes, valued at over £200 million for an initial 10-year period, with an option for a further five-year extension. This contract involves Mears delivering responsive, void maintenance, and planned works for approximately 20,000 homes across the South-East of England. The award signifies a successful transition to a long-term partnership following previous interim services provided since 2024, and the company anticipates this will strengthen its medium-term growth outlook in the local government division.
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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."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.