Mears Group
MER · Main Market · Real Estate · mcap £322m · 413.0p 3 open situations →
- EV
- £272m
- EV / EBIT
- 3.7x
- Net cash
- £70.5m
- FCF yield
- 2.0%
- Revenue
- £1.1bn
- Cash returned
- 8.1%
- Share price 1y
- +18%
- Insiders 12m
- no deals
- Next report
- around 25 Mar
Timeline · every situation
dots = announcementsOpen · 3
Overhang
FMR LLC selling down
10% → 4.8804% in 2 notices
Next: 4.8804% still held
- 24 Aug 2026 4.8804%
- 2 Jan 2024 9.8%
- 7 Nov 2023 10%
Transformational contract / build-out
Rooftop Housing Group contract
Awarded; included in £4.2bn order book
On 30 June 2026 Mears announced a new Rooftop Housing Group contract for responsive repairs, voids, planned works and compliance. It is worth an estimated £150m over 10 years for 7,000 units, adding Maintenance-led order cover as asylum revenue declines and joining the Group's intensive H2 mobilisation programme.
- Customer
- Rooftop Housing Group
- Value
- Estimated £150m over 10 years
- Size
- 7,000 housing units in South Worcestershire and North Gloucestershire
- Scope
- Responsive repairs, void refurbishment, planned works and compliance services
Next: Mobilisation through second half
- 6 Aug 2026 Awarded; included in £4.2bn order book
- 30 Jun 2026 Awarded; mobilisation during second half
Transformational contract / build-out
Moat Homes contract mobilisation
Awarded; long-term contract replaces interim appointment
- 21 Apr 2026 Awarded; long-term contract replaces interim appointment
Closed · 5
Company filings. Not investment advice.