Social housing repairs firm reveals 拢1.8bn order book at end of bumper year

Social housing repairs and maintenance provider Mears Group says contract wins and its current order book level made 2009 a record year for the company.

Last year, the group revealed new contract wins in excess of 拢550m, which it said could rise to in excess of 拢650m, subject to contract extensions.

The company's forward order book now stands at 拢1.8bn. It said the bid pipeline remained strong and that the group was now at advanced stages of negotiating further 鈥渟ignificant opportunities鈥�.

Bob Holt, chairman of Mears, said: 鈥淭he demand for our services has never been stronger. Our two growth markets, social Housing and domiciliary care, which together account for approaching 90% of group revenues, are defensive markets where spend is largely non-discretionary and afford us substantial immunity from bad debts. Moreover as a result of our quality partnership relationships with public sector customers, we have not experienced any work delays in the areas in which we operate".

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