Mitie Regulatory News (MTO)

5 November 2012

MITIE Group PLC

Golding Homes awards MITIE up to £120m contract

Innovative new subsidiary company model to be used

MITIE, the FTSE 250 strategic outsourcing and energy services company, has been awarded a ten-year repair and maintenance contract with Golding Homes housing association.

The contract is worth £70 million over ten years with the potential to rise to £120 million if Golding Homes issue additional works. It will see MITIE support the housing association's upkeep of 6,000 properties across Kent.

MITIE will work with Golding Homes and its wholly owned subsidiary Golding Services to deliver gas maintenance, responsive repairs, void reinstatements and planned works.

The main benefit to customers is a more flexible appointment system and streamlined repairs ordering process meaning there is an increased number of "right first time" visits.

In addition, there are more opportunities for skills training and employment. There will also be greater consistency and security of service delivery as once the contract has ended the staff will remain with the subsidiary.

Representatives of Golding Homes residents were actively involved in agreeing the priorities for the contract, assessing tender documents and taking an active role in the procurement process.

The innovative subsidiary company model was developed by Golding Homes in conjunction with solicitors Trowers & Hamlins.

Peter Stringer, Golding Homes chief executive, said:

"We carefully considered a range of models for providing repairs and maintenance services, based on our customers' priorities. We concluded that creating a wholly owned subsidiary company as a vehicle for the contract will best help us meet our goals.

"We are confident that selecting MITIE as our partner will bring the professional and innovative approach our customers deserve and we look forward to working closely with them."

Commenting on the contract award, Peter Griffin, director for social housing at MITIE, said:

"At MITIE we're passionate about working with our customers to develop strategic partnerships that can provide long-term investment in both service infrastructure and assets. We're delighted to be working with Golding Homes and Golding Services to deliver this exciting new contract."

For imagery please see: http://www.flickr.com/photos/mitie_group_plc/sets/72157629754653074/ 

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Notes for editors

What is MITIE?

We're the strategic outsourcing and energy services company. What does that mean in practice? We manage facilities, energy and properties for our clients across the UK and beyond.

We work with our clients in three ways; some take full advantage of our whole range of expertise, others may only need one aspect of what we do:

Strategy and consultancy

+ Facilities and energy management

+ Service delivery

Our strategic input can add value at the highest level by helping clients to manage their assets, while our practical management expertise can save customers money and reduce their carbon emissions. We work with a vast number of clients in every industry across both the public and private sectors and deliver the broadest range of services that can be found in one place: from integrated facilities management to engineering maintenance to lifecycle energy management and much more.

There's a lot more to MITIE than you probably think. We're a big company with big ambitions - a leading FTSE 250 support services business, with more than 65,000 people, revenues of £2bn, and a reputation for being the best.

Visit us at www.mitie.com

About Golding Homes

Golding Homes is a non-profit making organisation dedicated to providing high quality housing at affordable rents for local people. Golding Homes provides over 6100 homes which include general needs accommodation, sheltered schemes providing housing for older people, and a management service to over 450 leaseholder properties.

Golding Maintenance Services Limited, trading as Golding Services, is a wholly owned subsidiary of Golding Homes.

For further information contact Claire Boxall, PR & Communications Manager, Golding Homes, on 01622 212553, 07787 516299 or claire.boxall@goldinghomes.org.uk

www.goldinghomes.org.uk