IN BRIEF: Mears Group sells non-core FM unit for PS18 million in cash

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Mears Group PLC - Gloucester, England-based provider of housing and social care - Disposes of subsidiary Morrison Facilities Services Ltd for total cash consideration of £18.0 million. The business, which provides facilities management services mainly to the education and health sectors, is identified as non-core following the group’s strategic update. The unit is sold on a debt- and cash-free basis with a normal level of working capital. In the year ended December 31, 2025, the FM activities generate revenue of £32.1 million and pretax profit of £2.8 million, previously reported within the Maintenance-led segment. Chief Executive Lucas Critchley says the disposal ‘brings a further simplification to the group’ and reinforces its focus on housing services, where it sees significant growth opportunities.

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