Profit recovers at Mace as Battersea builder eyes £2bn turnover mark

By Dave Rogers2018-06-27T06:00:00

Firm aiming for £2.2bn income and margins of 2.5% by 2022

Mace put the problems of 2016 behind it last year as the firm said pre-tax profit recovered to more than double to £23m.

The firm’s 2016 numbers had been blighted by problem jobs, including its Nova mixed-use scheme in London’s Victoria, which sent profit crashing more than two-thirds to just £10.7m.

But the Battersea power station builder said pre-tax profit jumped 115% last year on turnover flat at £1.97bn.

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