Mears Group PLC 2022 full year results; revised publication date (4443T)
March 20 2023 - 3:00AM
UK Regulatory
TIDMMER
RNS Number : 4443T
Mears Group PLC
20 March 2023
Mears Group PLC
("Mears" or the "Group" or the "Company")
2022 full year results; revised publication date.
The Group's external auditor, Ernst & Young LLP (EY), has
informed the Mears Board that, due to an unanticipated absence of
the senior statutory auditor responsible for signing the Mears
accounts, the senior statutory auditor will not be available to
complete the audit process of the 2022 financials which were due to
be released on 30 March.
EY has confirmed that prior to this absence, all audit
procedures were progressing satisfactorily to achieve the planned
release date of 30 March and has apologised unreservedly for this
delay. As a result, due to this issue outside of the company's
control, the release of the Group's preliminary results will be
delayed. EY and the Company are currently working through the
onboarding process for a new senior statutory auditor and a new
proposed audit close timetable as soon as practicable. Once this
process is complete, we will communicate the revised preliminary
release date.
The Board of Mears emphasises that this delay is not because of
any concerns relating to the 2022 financial statements.
For further information, contact:
Mears Group PLC Tel: +44(0)1452 634 600
David Miles
Andrew Smith
Lucas Critchley
Numis Securities Tel: +44(0)207 260 1000
Julian Cater
Kevin Cruickshank
Panmure Tel: +44(0)207 886 2500
Tom Scrivens
About Mears
Mears is the leading provider of services to the Affordable
Housing sector, providing a range of services to individuals within
their homes. We manage and maintain around 450,000 homes across the
UK and work predominantly with Central Government and Local
Government typically through long-term contracts. We equally
consider the residents of the homes that we manage and maintain to
be our customers, and we take pride in the high levels of customer
satisfaction that we achieve.
Mears currently employs around 5,500 people and provides
services in every region of the UK. In partnership with our Housing
clients, we provide property management and maintenance services.
Mears has extended its activities to provide broader housing
solutions to solve the challenge posed by the lack of affordable
housing and to provide accommodation and support for the most
vulnerable.
We focus on long-term outcomes for people rather than short-term
solutions and invest in innovations that have a positive impact on
people's quality of life and on their communities' social,
economic, and environmental wellbeing. Our innovative approaches
and market leading positions are intended to create value for our
customers and the people they serve while also driving sustainable
financial returns for our providers of capital, especially our
shareholders.
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END
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