Mears Group PLC
Registered name: MEARS GROUP PLC
Mears Group PLC made £1.1bn revenue and £45.9m profit in the year to 31 Dec 2025.
Mears Group PLC’s revenue was £1.1bn in the year to 31 Dec 2025, with £45.9m profit and 5,516 employees. The company is classified under “activities of other holding companies” and is based in Gloucester; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Gloucester, South West
- Age
- 30 yrs · since 1996
- Type
- Public Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £1.1bn | £1.1bn | £1.1bn |
| Cost of sales | −£871m | −£879m | −£870m |
| Gross profit | £219m | £253m | £266m |
| Operating profit | £51.7m | £71.5m | £75m |
| Profit before tax | £46.9m | £64.1m | £63.5m |
| Profit after tax | £36.7m | £46.9m | £45.9m |
| Profit (best available) | £36.7m | £46.9m | £45.9m |
| Employees (average) | 5,136 | 5,471 | 5,516 |
| Ratios | |||
| Profit margin | 3.4% | 4.1% | 4% |
| Gross margin | 20.1% | 22.4% | 23.4% |
| Revenue per employee | £212k | £207k | £206k |
| Profit per employee | £7.1k | £8.6k | £8.3k |
| Growth (year on year) | |||
| Revenue growth | — | ▲4% | ▲0.3% |
| Profit growth | — | ▲28% | ▼2.1% |
| Headcount growth | — | ▲6.5% | ▲0.8% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Jun 2025 | Accounts · bulk data Jun 2025 | Accounts · bulk data Jun 2026 |
How the business works
- Profit margin
- 4%
- Profit ÷ revenue.
- Gross margin
- 23.4%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £206k
- Revenue ÷ average employees.
- Profit per employee
- £8.3k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- ▲1%
- Now 5,516
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Subsidiaries (10)
- Manchester Working LimitedRev. £0 · Profit −£142k
- Heather Housing LimitedFigures not disclosed
- Mears Extra Care LimitedFigures not disclosed
- Mears Facility Management LimitedActive - Proposal to Strike offFigures not disclosed
- Mears Housing Management (Holdings) LimitedFigures not disclosed
- Mears LimitedFigures not disclosed
- Mears Supported Living LimitedFigures not disclosed
- Pennington Choices Group LimitedRev. — · Profit £798k
- Scion Group LimitedFigures not disclosed
- Scion Property Services LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2025 (profit £45.9m), from the Companies House accounts bulk data published Jun 2026. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.