News Column

Mace announces GBP1.18bn turnover and 14% rise in pre-tax profit for 2013

June 11, 2014

ENP Newswire - 11 June 2014

Release date- 09062014 - Mace has published its 2013 annual report and accounts, with the company recording an 8% increase in turnover to GBP1.18bn, as well as a 14% increase in pre-tax profit.

Despite a challenging economic backdrop worldwide, 2013 marked the 24th consecutive year of growth for Mace. The company continues to deliver strong results, growing in a planned and sustainable way while maintaining a focus on its clients and people.

The 2013 results demonstrate another successful year for Mace. The company created 400 new jobs, increasing direct employee numbers by 14% to 3,800. A constant focus on safety resulted in a 32% drop in RIDDOR 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 GBP330,000 going to charitable causes.

As part of the company's long term business plan, Mace took steps to strengthen its integrated service offer covering investment services, consultancy, construction and facilities management. As a result, 2013 saw Mace work with its clients to enter new markets and grow its presence in several others. The company won appointments in the oil and gas sector, secured a global framework with Halliburton and Exxon Mobil and an Americas framework with BP.

Mace has also continued to strengthen its position in the pharmaceutical sector by extending its relationship with GSK to include the USA and UK as programme manager on their research and development estate, and securing new commissions with Ferring Pharmaceuticals and Novartis.

The Annual Report also highlights Mace's major project completions over the past year, including Great Northern Hotel in London's King's Cross and the British Museum's World Conservation and Exhibitions Centre in London. Key appointments during 2013 included work on some of the world's most iconic projects including Battersea Power Station in London, and what will be the world's tallest building, Kingdom Tower in Saudi Arabia in a joint venture with EC Harris.

Mace's 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 focused on retaining talent in the business.'

Mace's Chief Executive, Mark Reynolds, said: '2013 was a strong and successful year for Mace and we are well on track to meet our GBP2bn turnover target by 2020. We continued to focus on working with our clients to build sustainable communities and help turn their aspirations into a reality.'

Media Contact:

Shirin Homawala


Tel: +44 (0)7881 091 396


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Source: ENP Newswire

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