im going out with someone from my past that is very settled with being single and has told me this but seems to like my company , im sort of indecisive as to continue this or move on.

You don't give me much to go on, but I would say most guys when they are younger are settled with being single until they are convinced by a woman that it's time to stop being single.  Older guys can also be settled with being single if they have had a bad relationship or if they have had a lack of relationships or bad experiences, it's their defence mechanism.  In general though the older a guy gets the more often he will think of being in a long term relationship, though this is still far less often than a woman dreams of being in a long term relationship.

The crucial thing here is a guy needs to meet a woman that's going to convince him to give up his casual sex and experimental relationships and convince him that she will be acceptable long term.  Convincing him takes time, if your not doing it for him he will continue to think it.

You can't just go out with a guy and instantly expect him to want to settle down with you, you have got to give him a few months at least to even get that idea into his head and over a year before he maybe comes to terms with that idea.  If he has literally said to you he is settled being single, that could mean he is trying to tell you, that he sees you as a short term relationship only, so he's trying to warn you not to get too involved with him and he doesn't want to hurt you too much when he moves onto to his next woman.  The fact that he's a guy from your past, isn't very opptimistic if it hasn't happened in the past, is it really going to happen this time.  In the absence of any more detail, I would say you need to give him time and see how the relationship goes, if he doesn't seem more keener in a few months or the relationship is going well, then it's time to part company.  

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