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Mace hails 'game-changing year' as turnover passes £1bn

Mace group turnover has hit an “all-time high” of £1.1bn after jumping 18 per cent on 2011 levels.

Profit before tax also increased to £28.3m in 2012 from £23.2m in 2011.

With £815m – or 77 per cent of target turnover for 2013 – secured by the end of 2012, the consultancy and construction group has targeted a 2020 target of £2bn.

Mace said the year had been “its most significant”, after turnover increased to £1.1bn in 2012 from £928m in 2011.

The construction business saw turnover rise 29 per cent, from £681m in 2011 to £829m in 2012, on the back of major project wins in London such as 3 Merchant Square, the former Commonwealth Institute, Victoria Circle and W5 for Crown Estate.

The consultancy side of the group also increased turnover from £145m to £160m.

Executive chairman Stephen Pycroft, who handed over the role of CEO to Mark Reynolds at the end of 2012, said: “The past 12 months have been of great significance to Mace and the delivery of some of the UK’s most important projects has helped shape the skyline of its capital city.

“Working closely with our clients, we have demonstrated that by challenging convention and championing innovation, it is possible to accomplish what, at first, seems to be the impossible.

“The company’s next set of targets are ambitious but I have no doubt that Mace is more than capable of achieving these under Mark’s leadership.”

Mace also secured its first health contract in 2012, winning the main contractor role on the £9.3m Chelsea and Westminster hospital.

Mace set the target of achieving turnover of £1bn in 2006.

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