The boss of a company that makes huge profits by housing migrants in hotels owns a series of posh houses

The boss of a company that makes huge profits by housing migrants in hotels owns a series of posh houses

THE boss of a company that makes huge profits by hosting migrants in hotels owns a string of posh homes, The Sun found out on Sunday.

Mears Group CEO David Miles, 57, has a £2million mansion in the South West multi-million pound West End London bolthole and a mansion knows.

The boss of a company that makes a profit from housing migrants in hotels owns a series of posh houses

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The boss of a company that makes a profit from housing migrants in hotels owns a series of posh housesCredit: AFP

His company’s profits soared thanks to three Home Office contracts totaling more than £1 billion.

The company took on the asylum accommodation and support services contracts to arrange ‘housing, transport and user support’ for asylum seekers.

They run hotels and other accommodations for Scotland, Northern Irelandand the northeast.

Their most recent annual report revealed that pre-tax profits had risen from £8 million in 2020 to £21.3 million in 2021.

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The annual report attributed this to the resumption of maintenance services after the pandemicbut it also said that the part of the company dealing with the ‘AASC’ had performed well.

The company said revenue in that division was up 24 percent year over year “primarily due to increased AASC revenue.”

The Sun on Sunday can reveal Mr Miles owns a posh pad in Marylebone, just a short walk from Regents Park.

The flat is in an attractive purpose built block with a resident doorman only in London Parisian style boulevard”, according to estate agent lists.

And he also owns a five-bedroom house in leafy Kent, which neighbors said he ‘visits from time to time’.

The board also owns a large monumental country house on the outskirts of Devon.

Insiders in the company pushed for the company’s profits to be capped Home office contracts.

They also said executive pay had not changed since the government contracts were awarded in 2019.

A Mears spokesperson said: “Our profits have increased following the resumption of maintenance services following the pandemic.

“Profits from providing asylum accommodation and support are limited by the Ministry of the Interior and our margin is small.”

This evening Tory Member of Parliament Scott Benton said: “People are tired of the cost of using these hotels and this is making it worse.”