Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

Mace boosts profit 38pc in recession defying results

Mace enjoyed a 38 per cent rise in pre-tax profit helped by a diversification strategy implemented five years ago.

Mace’s pre-tax profit totalled £14.9 million for the year to 31 December 2008 from £10.8 million the previous year.

Meanwhile turnover increased 14.5 per cent to £608 million.

The firm credited its recession-defying growth to a diversification strategy implemented five years ago, and said it intended to use its position to target big deals.

Chief executive Stephen Pycroft said: “It has been a good year in a very difficult market.

“This company was formed in recession, back in 1990. Never in the firm’s history has it taken a step back, and we do not intend it to be any different in this recession.”