Mace has revealed it is now a £2bn turnover company with chief executive Mark Reynolds planning to deliver a more balanced return from consultancy and construction projects in the future
In 2013 Mace outlined its ambition to become a £2bn turnover company by 2020. It has achieved this two years early.
In the last five years, Mace’s turnover has doubled, with a third now coming from international activities.
Mace’s growth has been particularly enhanced by winning and delivering the 2012 London Olympic and Paralympic Games as part of CLM and Western Europe’s tallest building The Shard.
Outlining visions for the future, Reynolds said they aim to increase their focus on delivering sustainable margins of at least 2.5% by 2022. Mace will also invest £350m in R&D activities to increase productivity and become more efficient.
Mace’s development management offer will be expanded. It plans to significantly grow its Consultancy business by securing major infrastructure projects and framework agreements globally.
Commenting on the recent success, Mark Reynolds, Chief Executive of Mace said: “Over the past 28 years, Mace has been on an amazing journey. We have seen the market change, we have seen great achievements and admittedly learnt some lessons along the way. Our company mission is to continuously pursue a better way which has helped us to grow and deliver on our promises.
“I am proud to say we have reached £2bn turnover, but more importantly, I am proud to say that we have the best people, who make up the best teams on some of the best projects in the world.
“On behalf of the Mace Group Board, I want to thank all of our clients who have supported us on our journey and have trusted us to deliver on their vision.”