Mace hits £2bn turnover mark as profit slips

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”. 

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