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Mears built up sturdy revenue last year, dipping only nine per cent (Jeff J Mitchell / Getty Images) Housing and care provider group Mears built up a sturdy revenue of £805.8m last year, dipping only nine per cent, but was still struck by profit losses like most firms in 2020. The group, which manages and maintains 17,000 homes for local and central governments, reported £15.2m worth of losses of £15.2m, for the year ending 31 December 2020, which starkly contrast with its 2019 profits of 20.3m. The second half of 2020 was a stronger season for Mears, which saw the group return to profitability with a £4.8m profit before tax.

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