Mace ahead of target growth, achieving £1.77bn in 2015 and a 19% increase in turnover
Today Mace has published its 2015 figures, which sees the company increasing its annual turnover by 19% to £1.77bn with a pre-tax profit of £36.2m.
To read the full report, click here.
This is Mace’s 25th consecutive year of growth and saw substantial growth of its infrastructure business, winning a number of major programmes and helping to secure the long-term future for the business, including National Grid, TfL, Highways England, Dubai Expo 2020. The business also made significant strides forward with key appointments, including the redevelopment of the London School of Economics in the heart of the capital, Macro’s three year contract with Umm Al Emarat Park (formerly known as Mushrif Central Park) in Abu Dhabi, Como’s appointment to the Mary Rose Museum in Portsmouth, UK and work got underway in Vietnam on Landmark 81, which is set to be the country’s tallest building at 462 metres.
2015 saw the Mace Group Board take proactive steps to future-proof the business, investing heavily in people and systems to improve its resilience and drive efficiencies to put the company in a strong position for continued growth.
This has included significant investments in development programmes for its employees in order to attract and retain the industry’s top talent, including extending partnerships with Imperial College London and Cranfield University, as well as with professional bodies such as the Institution of Civil Engineers (ICE) and the Association of Project Managers (APM). 2015 also saw the launch of the Mace Women of the Future programme to support and develop female talent across the business.
The company’s strategy to attract, develop and retain talent is working: last year saw a 20% increase in the number of graduates joining the business – a third of whom are women – and Mace created 379 new jobs*. With 84% staff engagement and a 32% increase in the amount donated to charities via the Mace Foundation rising to over £522,000, 2015 sees another solid year of results for the company.
Mace’s investment business also continues to grow and now has a gross development value of £1.4bn. 2015 saw the successful sale of Assam Place, a high-end student accommodation development in the City of London. This is a growing area for Mace and the investment business is looking to secure a funding partner to help deliver new projects.
Mace’s Executive Chairman, Stephen Pycroft, said: “2015 saw another strong set of results for Mace and is a testament to the hard work and commitment to our clients shown by everyone in the company. As we celebrated our 25th year, we continued to deliver complex and challenging projects for our clients while continuing to grow the business and develop our people. Our ongoing focus is on delivering sustainable growth and our results put us in a great position for the future.”
Mace’s Chief Executive, Mark Reynolds, said: “I’m proud of our achievements and that we have been able to deliver a 25th year of growth for Mace. 2015 saw us celebrate our successes with our staff and clients and the completion of some of our biggest and most iconic projects, including the completion of the transformation of Birmingham New Street station. We continue to deliver against our 2020 business targets and are taking steps to build the company’s resilience for the future. I’m confident that we will continue to strengthen our position in the market and maintain our commitment to supporting the communities in which we work.”
*This figure includes direct and non direct employees.
Mace 2015 Annual Report and AccountsMace 2015 Annual report and Accounts 11.0MB PDF
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