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Birmingham Post
Birmingham Post
Business
Abigail Turner

Social housing firm Mears Group sees profits up more than a third

Mears Group has reported recovery and a positive trading outlook in its final year results.

The Gloucestershire-based housing and social care provider in a trading statement said its revenues were up year-on-year by 9% to £959m. Adjusted profit before tax increased by 37% to £35.2m.

Bosses at the AIM-listed business, which employs more than 5,000 people, were forced to hold releasing the results earlier this month due to the “unanticipated” absence of a senior auditor.

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