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Entrepreneur Bob Holt, who took Mears Group from a small Gloucester maintenance contractor to a London Stock Exchange star and now serves the affordable housing sector, was appointed chairman in 2019 after 23 years with the company. (resigned) raised £4. Earnz Plc is a shell company listed on AIM for the purpose of investing in companies in the energy services and net zero sectors.
Bob has recently brought his significant experience to a number of other companies, including Revolution Beauty and Totally plc, and is currently at Bristol-based Cosgrove & Drew Engineering Services Ltd and Cheltenham’s Logical, where he was appointed director last year. We are working with Utilities.
Read more: Former Mears boss becomes chairman of Cosgrove & Drew in Bristol
Commenting on his appointment last July, founder and managing director Neil Shotton said: “We are honored that someone with such an impressive career as Bob has agreed to join Logical Utilities’ board of directors. His business experience, strong leadership skills, and general commitment to improving people’s lives is an honor. His appointment will strengthen our business and ensure that we are recognized within the energy market as a leadership team at an unprecedented time in the history of the energy market. It assures us that we will continue to focus on the great work we have done.”
As well as his business expertise, Bob is known for his philanthropic work supporting over 65 charities and individuals and was awarded an OBE. He is also the founder of the Mears Foundation, the Footprint Foundation, and the Holt Trust. The Trust develops teams of volunteers who work on projects that improve the lives of tens of thousands of people in the UK and abroad.
Bob, from Tetbury, said: “Mears has become the most successful float on the stock market in less than 10 years and I would be delighted if we could build on a quarter of that success with this new project.” he said.
The net proceeds from the initial public offering will be used for working capital purposes, particularly the cost of due diligence performed in connection with potential acquisitions undertaken by the Company.
Bob, 69, said he had worked every day since I was 16 and saw no reason not to continue. The key is building the right management team.
“While I was proud to receive an OBE for my charity work in Africa, the greatest achievement of my career was buying out the controlling interest in Mears and 16 years later receiving a £9m to £10m. We made a profit of 100 million pounds.I bought the management interest in Mears for 50,000 pounds.”
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