MEARS LIMITED
Operating as a principal subsidiary of the London Stock Exchange-listed Mears Group plc, the company provides social housing maintenance, repair, and combined facilities support services across the UK.
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Cash
£18M
-69.1% vs 2024
Net assets
£176M
+37.1% highest in 3 filed years
Employees
3,692
+13.8% highest in 3 filed years
Profit before tax
£68M
+16.7% highest in 3 filed years
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £899,261,000 | £991,038,000 | £1,028,935,000 | +3.8% | |
| Operating profit | £50,290,000 | £61,680,000 | £72,294,000 | +17.2% | |
| Profit before tax | £45,497,000 | £58,190,000 | £67,915,000 | +16.7% | |
| Net profit | £35,252,000 | £40,868,000 | £48,816,000 | +19.4% | |
| Cash | £534,000 | £59,497,000 | £18,374,000 | -69.1% | |
| Total assets less current liabilities | £234,279,000 | £256,496,000 | £314,919,000 | +22.8% | |
| Net assets | £125,603,000 | £128,104,000 | £175,668,000 | +37.1% | |
| Equity | £125,603,000 | £128,104,000 | £175,668,000 | +37.1% | |
| Average employees | 2,890 | 3,244 | 3,692 | +13.8% | |
| Wages | £102,463,000 | £120,832,000 | £143,085,000 | +18.4% | |
| Directors' remuneration | £285,000 | £423,000 | — | — |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 5.6% | 6.2% | 7.0% | |
| Net margin | 3.9% | 4.1% | 4.7% | |
| Return on capital employed | 21.5% | 24.0% | 23.0% | |
| Current ratio | 1.39x | 1.27x | 1.41x | |
| Interest cover | 3.99x | 4.98x | 5.47x |
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 3 times since incorporation
- MEARS LIMITED 2004-06-23 → present
- MEARS SOCIAL HOUSING LIMITED 2004-01-07 → 2004-06-23
- MEARS BUILDING CONTRACTORS LIMITED 1990-10-31 → 2004-01-07
- STRONGDALE LIMITED 1990-07-06 → 1990-10-31
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Pricewaterhousecoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- MEARS LIMITED · parent
- Mears New Homes Limited 100%
- MPS Housing Limited 100%
- Plexus UK (First Project) Limited 100%
- Mears Property Company 2 Limited 100%
- Mears Property Company 4 Limited 100%
- Repair MyHome C.I.C 100%
- MPM Housing Limited 100%
- Mears Scotland (Housing) Limited 100%
- Mears Wales Limited 100%
- Mears Social Housing Limited 100%
- Mears Energy Limited 100%
- Mears Homes Limited 100%
- Helcim Group Limited 100%
- Helcim Homes Limited 100%
- Mears Learning Limited 90%
Significant events
- “The Company has made guarantees that it will complete certain contracts. The value of these commitments at 31 December 2025 was £4,900,000 (2024: £4,100,000).”
- “During the year, for one of the Group's own schemes, Morrison Faciltities Services Pension Scheme, the principal employer was transferred from a fellow subsidiary to Mears Limited. The assets and liabilities were transferred at 31 May 2025 and they are reported within Mears Limited at 31 December 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 25 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WESTRAN, Benjamin Robert | Secretary | 2004-09-01 | — | British |
| SMITH, Andrew Christopher Melville | Director | 1999-12-06 | Jun 1972 | British |
| WESTRAN, Ben Robert | Director | 2007-11-13 | Jan 1977 | British |
| MEARS GROUP PLC | Corporate Director | 2010-11-29 | — | — |
Show 25 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HOLT, Robert | Secretary | 1997-07-01 | 1999-12-06 |
| PREATER, Margaret | Secretary | 1992-08-16 | 1998-06-30 |
| SMITH, Andrew Christopher Melville | Secretary | 1999-12-06 | 2004-09-01 |
| TURL, Michael Stanley | Secretary | — | 1992-08-16 |
| BAINBRIDGE, Laurence George | Director | 2004-06-28 | 2007-09-28 |
| BARRATT, John Anthony | Director | 1999-05-01 | 2002-01-01 |
| BARRETT, John Anthony | Director | 1999-05-01 | 2006-06-30 |
| COE, Stephen | Director | 2004-06-28 | 2007-08-03 |
| DAY, Richard | Director | 1999-04-20 | 2008-02-01 |
| EDEN, Graham Roy | Director | 2009-10-01 | 2019-03-31 |
| GAY, Andrew Michael | Director | — | 1994-11-20 |
| GUEST, Stephen William | Director | 1999-01-04 | 1999-12-15 |
| HOLT, Robert | Director | 1996-08-01 | 2004-08-27 |
| MEARS, Peter Wayne | Director | — | 1992-06-30 |
| MIDDLEMASS, Colin Edward | Director | 2015-01-07 | 2024-04-30 |
| MILES, David John | Director | 1997-12-01 | 2025-12-31 |
| PACE, Darren Colin | Director | 1995-06-27 | 2018-12-31 |
| PREATER, Margaret | Director | 1995-06-27 | 1998-06-30 |
| ROBERTSON, David John | Director | 1997-07-14 | 2008-03-11 |
| ROGERS, Alan | Director | 2004-06-28 | 2005-07-29 |
| SHEPPARD, Ian Douglas | Director | 1995-06-27 | 1998-04-01 |
| TURL, Michael Stanley | Director | — | 1998-01-31 |
| TURNER, Kenneth Clive | Director | 2006-04-10 | 2007-04-18 |
| WILLIAMS, Duncan | Director | 2004-06-28 | 2007-12-31 |
| WILLIAMS, Raymond Geraint | Director | 1995-06-27 | 1998-11-02 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mears Group Plc | Corporate entity | Shares 75–100% (as firm), Voting 75–100% (as firm), Appoints directors (as firm), Significant influence (as firm) | 2016-04-06 | Active |
Filing timeline
Last 20 of 159 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-18 | AA | accounts | Accounts with accounts type full | |
| 2026-01-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-09 | AA | accounts | Accounts with accounts type full | |
| 2025-07-06 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-14 | CH01 | officers | Change person director company with change date | |
| 2024-10-11 | CH01 | officers | Change person director company with change date | |
| 2024-10-10 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-10-10 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-10-10 | CH02 | officers | Change corporate director company with change date | |
| 2024-10-10 | CH03 | officers | Change person secretary company with change date | |
| 2024-10-08 | AA | accounts | Accounts with accounts type full | |
| 2024-07-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-13 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-16 | AA | accounts | Accounts with accounts type full | |
| 2023-07-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-01 | AA | accounts | Accounts with accounts type full | |
| 2022-07-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-07-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-06-29 | AA | accounts | Accounts with accounts type full | |
| 2020-12-21 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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.