Mears sees profit rise to £4.8m

Mears, the support services group with a strong foothold in the social housing sector, has unveiled a £4.8m (£3.6m) pre-tax profit on a £110m (£80m) turn-over for the year to 31 December 2003.
Mears first listed on the Alternative Investment Market in 1996 and profit has since risen at an average of 43% a year.
Public sector services account for 65% of turnover. Divisions in the group include: Haydon Mechanical and Electrical; Mears FM; and M&T Group - a painting business bought 16 months ago.
For more on Mears, see page 28.