Mace hits £2bn turnover mark as profit slips

By Hamish Champ2019-09-03T10:14:00

Mace---Major-Contractor-of-the-Year-CMYK

Chief executive Mark Reynolds says turnover will dip ‘quite a bit’ this year

Mace has said its finance boss will leave in a matter of months as its reports a hefty hike in turnover for 2018.

In the year ended 31 December the firm turned over £2.35bn, an increase of 19% on its 2017 figure, while pre-tax profit came in at £32.8m – down 8% year-on-year, and resulting in a pre-tax margin of 1.4%.

Mark Reynolds, chief executive of Mace, told Building it had been a “good year” despite “challenges on a couple of projects”.

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

Limited access to building.co.uk
Breaking industry news as it happens
Breaking, daily and weekly e-newsletters

Get your free guest access SIGN UP TODAY

Subscribe now for unlimited access

Subscribe to Building today and you will benefit from:

Unlimited access to all stories including expert analysis and comment from industry leaders
Our league tables, cost models and economics data
Our online archive of over 10,000 articles
Building magazine digital editions
Building magazine print editions
Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community