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.”
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For imagery please see: http://www.flickr.com/photos/mitie_group_plc/sets/72157629754653074/
For further information, contact:
Bell Pottinger
Rebecca Lloyd-Wright
D: 0207 861 2499
E: rlloydwright@bell-pottinger.co.uk
Notes for editors
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
