"Strong" performance by one of Gloucestershire's biggest firms
One of Gloucestershire's modern business success stories has published its financial results for the first six months of 2025, declaring a "strong" performance.
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One of Gloucestershire's biggest businesses, home-grown Brockworth-headquartered Mears plc, has reported “a period of strong operational, financial and strategic performance” for its first six months of the year.
Lucas Critchley, the firm’s chief executive officer, was upbeat despite a fall in revenue of four per cent (from £580 million to £559.4m) - probably helped by the increase in pre-tax profits by five per cent to £32 million.
The scale of its financials make it a focus for The Raikes Journal’s Top 100 Businesses in Gloucestershire series, which follows the fortunes of the county’s biggest firms by turnover and which we cover on in our Reports and Deals channel.
Critchley said: “We have continued to make progress against each of our key strategic goals; delivering growth in maintenance activities, developing a full compliance and asset management offer, and positioning the group to deliver additional housing services to central Government.
“Importantly, we have continued to do the basics well, which underpins our drive for both service excellence and strengthening commercial performance.”
Mears employs an estimated 5,000 staff UK-wide and manages and maintains an estimated 450,000 homes across the UK and works predominantly with central Government and local government, typically through long-term contracts.
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