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Tue January 18 2022

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Mace continues on firm growth trajectory

10 Jun 14 Mace has reported an 8% increase in turnover for 2013 to £1.18bn and a 14% rise in pre-tax profit to £32.3m.

Mace was chosen to build the world’s tallest building, Saudi Arabia’s Kingdom Tower
Mace was chosen to build the world’s tallest building, Saudi Arabia’s Kingdom Tower

It was the 24th consecutive year of growth for Mace and a year in which it created 400 new jobs, increasing direct employee numbers by 14% to 3,800.

Mace remains on course to meet its target of £2bn turnover target by 2020, with 7,200 employees. In 2008 Mace’s turnover was £617m.

There was also a 32% drop in RIDDOR reportable injuries during the year, despite an 18% increase in the number of people working on Mace construction sites. The company also donated 1% of pre-tax profits to the Mace Foundation, resulting in £330,000 going to charitable causes.

Project completions during 2013 included the Great Northern Hotel at London’s King’s Cross and the British Museum’s World Conservation & Exhibitions Centre in London. New appointments included work on Battersea Power Station in London, and what will be the world’s tallest building, Saudi Arabia’s Kingdom Tower, in a joint venture with EC Harris.

Executive chairman Stephen Pycroft said: “Mace has built a firm foundation for growth during 2013 while continuing to deliver an outstanding service for our clients. I am pleased that the group board business plan to 2020 is now firmly embedded, as is our talent development board focussed on retaining talent in the business.”

Chief executive Mark Reynolds added: “2013 was a strong and successful year for Mace and we are well on track to meet our £2bn turnover target by 2020. We continued to focus on working with our clients to build sustainable communities and help turn their aspirations a reality.”

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