Mears salvages ￡100m from Connaught debris

摘要

Social housing firm Mears expects to expand its revenue and workforce by 10% over the next year after picking up more than ￡100m of contracts from collapsed rival Connaught, writes David Matthews.Chairman Bob Holt (pictured) said the Comprehensive Spending Review was "positive" for the social housing firm because it would increase local authority outsourcing. He expected revenue to grow despite cuts of 70% to the housing and regeneration budget.