Update re: KPMG/Connaught
September 14 2010 - 6:48AM
UK Regulatory
TIDMMER TIDMCNT
RNS Number : 6581S
Mears Group PLC
14 September 2010
14 September 2010
Mears Group PLC
("Mears" or "the Company" or "the Group")
Update Re: KPMG/Connaught
The Board of Mears notes the recent press coverage of the Connaught situation
and the KPMG administration and confirms that the Company has acquired contracts
for a nominal sum that provides an opportunity to deliver services to a small
number of customers. Discussions with these customers are still ongoing so the
Mears Board is not yet in a position to provide clarity on the future revenues
which may arise as a result.
A further announcement will be made as and when it is appropriate to do so.
Commenting, Bob Holt, chairman of Mears Group, said:
"This is a sad situation not only for employees but also for subcontractors and
the communities that depend on these services. We are pleased to be able to
offer our services to those local authorities who found themselves at risk of
not providing their tenants with a repairs service."
ends.
+------------+----------------------+----------------------------+
| About | www.mearsgroup.co.uk | (tickers: MER.L MER.LN |
| Mears | | MER.PL) |
+------------+----------------------+----------------------------+
Mears is a leading social housing repairs and maintenance service provider to
Local Authorities and Registered Social Housing Landlords in the UK and,
following the acquisition of Supporta, now commands a leading position in the UK
Local Authorities' outsourced domiciliary care market, providing personal care
services to people in their own homes.
Mears employs in excess of 11,000 people and provides maintenance and repairs
services to 500,000 homes nationwide. Mears also provides over 150,000 hours of
domiciliary care to 20,000 service users each week.
+------------------------------------+--------------------+
| | |
| Enquiries: | |
| | |
+------------------------------------+--------------------+
| Mears Group PLC | |
+------------------------------------+--------------------+
| Bob Holt, Chairman | Tel: +44(0)7778 |
| | 798 816 |
+------------------------------------+--------------------+
| Andrew Smith, Finance Director | Tel: +44(0)7712 |
| | 866 461 |
+------------------------------------+--------------------+
| | |
+------------------------------------+--------------------+
| Joint Broker - Investec | |
+------------------------------------+--------------------+
| Keith Anderson/Daniel Adams | Tel: +44(0)20 7597 |
| | 5970 |
+------------------------------------+--------------------+
| | |
+------------------------------------+--------------------+
| Joint Broker - Collins Stewart | |
+------------------------------------+--------------------+
| Mark Dickenson/Ileana Antypas | Tel: +44(0)20 7523 |
| | 8350 |
+------------------------------------+--------------------+
| | |
+------------------------------------+--------------------+
| PR - Threadneedle Communications | |
+------------------------------------+--------------------+
| Trevor Bass/Alex White | Tel: +44(0)20 7653 |
| | 9859 |
+------------------------------------+--------------------+
| | |
+------------------------------------+--------------------+
| IR - Hansard Communications | Tel: +44(0)20 7245 |
| | 1100 |
+------------------------------------+--------------------+
| John Bick/Kirsty Corcoran | Tel: +44(0)7872 |
| | 061007 |
+------------------------------------+--------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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