Profit at Mears jumps by 25%

Mears, the social housing repair group, has unveiled an interim pre-tax profit of £6.6m, which represents a rise of nearly 25%. Turnover (six months to 30 June) was £130m (figure in the comparable period last year: £120m). The previous pre-tax profit was £5.4m.

Bob Holt, chairman, said: "Your group is in good hands for the next stage of development. The management team remodelled how social housing services have been provided and purchased by local authorities."