Social housing and maintenance contractor also announces new contract at 2012 Olympics Athletes Village

Mears, the social housing repairs and maintenance contractor, has announced a 14% jump in revenue during the first six months of 2009.

Turnover at the firm rose to 拢232.7m from 拢203.3m the year before. Operating profits hit double figures, rising to 拢10.8m when compared with 拢9.1m in the first half of last year.

However, the profits do not take into account the acquisition in January this year of 3C Asset Management.

The firm鈥檚 revenue was buoyed by the strong performance of its social housing division, which saw its turnover rise 30% to 拢176m, up from 拢134.9m last year.

Mears was also able to announce the win of an M&E infrastructure and fit-out works on the Athletes Village for the 2012 Olympics on the same day as its half-year results. The 拢9m contract comprises the first 300-unit phase of the village.

Bob Holt, chief executive of Mears, said: 鈥淥ur order book stands at 拢1.8bn and the demand for our services continues to be strong. With a number of particularly exciting opportunities within the bid pipeline, I have significant confidence for the future.鈥�

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