Mace鈥檚 accounts for 2018 show a profit before tax of 拢32.8m (2017: 拢35.7m) on group revenue of 拢2.35bn (2017: 拢1.97bn).
Construction contributed 拢1.99bn (85%) of turnover (2017: 拢1.63bn, 83%). Consultancy turnover increased by 2% to 拢274m.
It was the first time that Mace turned over more than 拢2bn. "If we add the 拢713m of construction management work we did onto this figure, our turnover would have exceeded 拢3bn," chief executive Mark Reynolds noted in the company's annual report.
Summarising the financial results, he said: 鈥�2018 was a good year for Mace, with a significant increase in revenue and the amount of international work we do rising by a quarter to 拢831m; reflecting the fact that we are now well established as one of the leading global consultancy and construction businesses.
鈥淲hilst we all face uncertainty in the short to medium term and it is hard to predict how the UK construction and consultancy sectors will fare over the next twelve months, I remain confident that Mace will remain in a strong position. Our 2022 Business Strategy will continue to guide our decision making and will ensure we remain a resilient, responsible and profitable business that offers career-defining opportunities for our people.鈥�
Mace has also announced the appointment of a new chief financial officer to take over from Dennis Hone, who retires at the end of 2019. Dennis Hone joined Mace from the London Legacy Development Corporation in 2014. He will continue to work with Mace as CEO of the Mace Foundation but his successor as chief financial officer will be Richard Bienfait, who joins Mace from student housing provider UPP, where was chief executive.
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