MEARS GROUP PLC
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Cash
£91M
-34.1% vs 2023
Net assets
£187M
-6.5% vs 2023
Employees
5,471
+5.3% vs 2023
Profit before tax
£64M
+62.8% highest in 6 filed years
Net assets
6-year trend
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | £881,457,000 | £805,817,000 | £878,422,000 | £959,613,000 | £1,089,327,000 | £1,132,510,000 | +4% | |
| Operating profit | £8,213,000 | -£751,000 | £42,056,000 | £40,427,000 | £43,811,000 | £71,545,000 | +63.3% | |
| Profit before tax | £2,828,000 | -£5,218,000 | £34,944,000 | £34,944,000 | £39,408,000 | £64,141,000 | +62.8% | |
| Net profit | £23,081,000 | — | £28,997,000 | £28,997,000 | — | £46,936,000 | — | |
| Cash | £56,867,000 | £54,632,000 | £98,138,000 | £98,138,000 | £138,756,000 | £91,404,000 | -34.1% | |
| Total assets less current liabilities | — | — | — | — | £413,336,000 | £472,000,000 | +14.2% | |
| Net assets | £118,337,000 | £156,051,000 | £213,825,000 | £213,825,000 | £200,456,000 | £187,465,000 | -6.5% | |
| Equity | £118,337,000 | £156,051,000 | £213,825,000 | £213,825,000 | £200,456,000 | £187,465,000 | -6.5% | |
| Average employees | — | — | 6,000 | 6,400 | 5,196 | 5,471 | +5.3% | |
| Wages | — | — | — | £165,348,000 | £170,526,000 | £183,230,000 | +7.4% | |
| Directors' remuneration | — | — | — | £2,282,000 | £1,030,000 | £1,090,000 | +5.8% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | 0.9% | -0.1% | 4.8% | 4.2% | 4.0% | 6.3% | |
| Net margin | 2.6% | — | 3.3% | 3.0% | — | 4.1% | |
| Return on capital employed | — | — | — | — | 10.6% | 15.2% | |
| Gearing (liabilities / total assets) | 82.9% | 76.7% | 66.1% | 66.1% | 71.4% | 73.3% | |
| Current ratio | 1.05x | 0.96x | 1.02x | 1.05x | 1.46x | 1.18x | |
| Interest cover | 0.98x | -0.09x | 5.02x | 4.83x | 3.92x | 5.21x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- MEARS GROUP PLC 1996-09-10 → present
- TRACKEQUAL PUBLIC LIMITED COMPANY 1996-08-01 → 1996-09-10
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the analysis performed, the Directors confirm that the Group is expected to be able to meet its liabilities as they fall due over the 12 month period and on that basis these financial statements have been prepared on the going concern basis.”
Group structure
- MEARS GROUP PLC · parent
- Heather Housing Limited 100%
- Helcim Group Limited 100%
- Mears Homes Limited 100%
Significant events
- “North Lanarkshire Council (NLC) awarded Mears the North Lanarkshire Housing and Asset Maintenance and Investment Works contract, covering 37,000 social homes and 1,200 council buildings, earlier this year.”
- “The award of the NLC contract is the latest example of a strong record of group growth and exceptional performance.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 30 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WESTRAN, Ben Robert | Secretary | 2014-01-28 | — | — |
| CLARKE, Jim | Director | 2019-07-02 | Mar 1960 | British |
| CRITCHLEY, Lucas Jordan | Director | 2023-01-01 | Apr 1982 | British |
| LOCKWOOD, Angela | Director | 2022-01-01 | Jul 1962 | British |
| SMITH, Andrew Christopher Melville | Director | 2007-03-09 | Jun 1972 | British |
| TICKELL, Oriana Clare, Dame | Director | 2026-04-01 | May 1958 | British |
| WHARTON, Nicholas Barry Edward | Director | 2023-12-14 | Aug 1966 | British |
Show 30 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HOLT, Robert | Secretary | 1996-09-09 | 1996-09-20 |
| POMPHRETT, Reginald Benjamin | Secretary | 1996-09-20 | 2013-12-14 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 1996-08-01 | 1996-09-09 |
| BLACK, Stuart John | Director | 2004-11-15 | 2007-02-23 |
| BURT, Jason Drew | Director | 2017-06-07 | 2020-03-31 |
| CORRADO, Elizabeth Frances | Director | 2017-09-20 | 2019-12-31 |
| DAVIES, John Geraint | Director | 2015-10-27 | 2021-06-29 |
| DICKS, Peter Frederick | Director | 2008-01-10 | 2018-06-07 |
| GIBBARD, Claire Margaret | Director | 2020-07-28 | 2022-12-31 |
| HILLERBY, Amanda Lavinia | Director | 2018-06-07 | 2020-02-12 |
| HOLT, Robert | Director | 1996-09-09 | 2019-01-02 |
| HOSEIN, David Lawrence | Director | 2008-01-10 | 2017-06-07 |
| IRWIN, Roy | Director | 2017-06-07 | 2021-06-29 |
| LONG, Alan Martin | Director | 2009-08-18 | 2022-12-31 |
| LOUGHLIN, Christopher | Director | 2019-08-17 | 2023-06-23 |
| MACARIO, Michael Anthony | Director | 1996-09-20 | 2011-06-08 |
| MACNAMARA, Rory Patrick | Director | 2010-06-09 | 2016-12-17 |
| MARSTON, Davida Sara | Director | 2010-06-09 | 2015-06-03 |
| MILES, David John | Director | 2007-01-30 | 2023-12-31 |
| MOLLOY, Phillip Lewis | Director | 1998-10-28 | 2005-06-10 |
| MURPHY, Kieran Francis | Director | 2019-01-02 | 2023-06-23 |
| NAR, Hema | Director | 2023-01-01 | 2023-12-14 |
| O'HALLORAN, Martin Francis | Director | 1997-10-28 | 2000-04-10 |
| POMPHRETT, Reginald Benjamin | Director | 1998-04-01 | 2010-06-09 |
| ROBERTSON, David John | Director | 1997-08-04 | 2008-03-11 |
| ROGERS, Michael Greig | Director | 2007-04-04 | 2017-06-07 |
| TURL, Michael Stanley | Director | 1996-09-09 | 1998-01-31 |
| UNWIN, Julia, Dame | Director | 2016-01-01 | 2025-01-02 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 1996-08-01 | 1996-09-09 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Director | 1996-08-01 | 1996-09-09 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 895 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-08 | SH06 | capital | Capital cancellation shares | |
| 2026-06-08 | SH06 | capital | Capital cancellation shares | |
| 2026-06-08 | SH06 | capital | Capital cancellation shares | |
| 2026-06-08 | SH06 | capital | Capital cancellation shares | |
| 2026-06-08 | SH06 | capital | Capital cancellation shares | |
| 2026-06-08 | SH06 | capital | Capital cancellation shares | |
| 2026-06-08 | SH06 | capital | Capital cancellation shares | |
| 2026-06-08 | SH06 | capital | Capital cancellation shares | |
| 2026-06-08 | SH06 | capital | Capital cancellation shares | |
| 2026-06-08 | SH06 | capital | Capital cancellation shares | |
| 2026-06-08 | SH06 | capital | Capital cancellation shares | |
| 2026-06-08 | SH03 | capital | Capital return purchase own shares | |
| 2026-06-08 | SH03 | capital | Capital return purchase own shares | |
| 2026-06-05 | SH03 | capital | Capital return purchase own shares | |
| 2026-06-05 | SH03 | capital | Capital return purchase own shares | |
| 2026-05-14 | SH06 | capital | Capital cancellation shares | |
| 2026-05-14 | SH06 | capital | Capital cancellation shares | |
| 2026-05-14 | SH06 | capital | Capital cancellation shares | |
| 2026-05-14 | SH06 | capital | Capital cancellation shares | |
| 2026-05-14 | SH06 | capital | Capital cancellation shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 20
- Officers appointed
- 1
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.